BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

NONE STATUS

BRIDGING LOANS

KNOWLEDGE BASE

Non-status   bridging   loans   can   be   an   invaluable   tool   in   the   armoury   of   property   developers   and   investors   allowing   them   to   borrow   large   sums   of   money   very quickly, thereby taking advantage of real estate opportunities that might otherwise pass them by. They   can   be   arranged   for   all   types   of   commercial   and   residential   property   but   what   exactly   is   a   non-status   bridging   loan   and   how   does   it   vary   from   a standard short-term bridging loan? In   simple   terms   a   Non-status   loan   is   one   where   the   primary   focus   of   the   lender   is   on   the   value   of   the   security.   Status   refers   to   the   amount   of   financial information   an   applicant   is   able   to   produce   to   support   their   application   and   although   non-status   does   not   necessarily   mean   that   an   applicant   has   credit problems,   it   does   allow   a   loan   application   to   be   assessed   with   a   strong   focus   on   the   value   of   the   security   and   the   borrowers   proposed   exit/redemption strategy. Whilst   some   non-status   bridging   loans   can   be   serviced   with   regular   monthly   payments   many   are   not,   with   interest   paid   up   front   out   of   the   loan   proceeds and   repaid   in   full   when   the   loan   is   redeemed.   This   structure   allows   the   bridging   lender   to   place   less   of   an   emphasis   on   affordability   and   gives   applicants   the opportunity to invest in potentially profitable real estate projects that might otherwise be beyond their reach. During   the   purchase   of   property,   land   or   a   business   there   are   many   things   that   can   go   wrong   and   a   non-status   bridging   loan   can   often   be   the   answer   when this   happens.   In   the   case   of   property   development   projects,   a   non-status   loan   can   be   an   invaluable   tool   for   a   developer   to   purchase   property   pending   a planning   application.   Many   investors   and   developers   don’t   have   substantial   cash   flow   income,   but   a   non-status   loan   will   allow   them   to   leverage   their   assets to complete a purchase. Once the property has been secured they can gain the required planning consent and switch to a mainstream development loan. Non-status bridging loans can be arranged for all types of commercial and residential property including: Property development Auction Purchases Land (with or without planning permission) Refurbishment, renovation and conversion projects. Refinancing existing investments Whilst   non-status   loans   are   often   used   by   applicants   with   limited   financial   history   or   information   as   opposed   to   adverse   they   can   also   be   used   by   clients that   have   experienced   financial   difficulties   such   as   County   Court   Judgements   (CCJs)   or   even   bankruptcy.   In   these   circumstances   bridging   lenders   will   be   less concerned with the clients past and more focussed on the strength of the security and the client’s positive plans for the future. Non-status   bridging   loans   will   typically   be   offered   at   slightly   lower   loan   to   values   (LTV)   than   a   loan   that   has   been   fully   status   assessed.   They   will   also   tend   to attract   slightly   higher   rates   than   standard   bridging   loans   but   the   opportunities   they   offer   to   clients   who   would   otherwise   be   unable   to   borrow   more   than outweigh these minor negatives. They play a key role in driving the property market. Still unsure and need to explore your options? Why not consult an expert? Central   Bridging   are   bridging   loan   specialists   with   a   great   track   record.   We   are   a   principal   lender   offering   a   range   of   loan   facilities   for   business   use   from £250K to £2.5M over periods from 3 to 24 months. Our loans are secured on freehold property across England and Wales. Crucially   you   will   always   speak   to   a   decision   maker   who   will   take   time   to   understand   you   and   your   situation   and   unlike   some   of   the   bigger   banks   will   then tailor a solution that best suits your needs rather than their own. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, Granary Wharf, Wharf Road, Burton on Trent, Staffordshire, DE14 1DU Tel: 03332 400 506   Email: enquiry@centralbridging.co.uk   Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

Non-status   bridging   loans   can   be   an   invaluable   tool   in   the   armoury   of property   developers   and   investors   allowing   them   to   borrow   large   sums of     money     very     quickly,     thereby     taking     advantage     of     real     estate opportunities that might otherwise pass them by. They    can    be    arranged    for    all    types    of    commercial    and    residential property   but   what   exactly   is   a   non-status   bridging   loan   and   how   does   it vary from a standard short-term bridging loan? In   simple   terms   a   Non-status   loan   is   one   where   the   primary   focus   of   the lender   is   on   the   value   of   the   security.   Status   refers   to   the   amount   of financial   information   an   applicant   is   able   to   produce   to   support   their application   and   although   non-status   does   not   necessarily   mean   that   an applicant   has   credit   problems,   it   does   allow   a   loan   application   to   be assessed    with    a    strong    focus    on    the    value    of    the    security    and    the borrowers proposed exit/redemption strategy. Whilst    some    non-status    bridging    loans    can    be    serviced    with    regular monthly   payments   many   are   not,   with   interest   paid   up   front   out   of   the loan    proceeds    and    repaid    in    full    when    the    loan    is    redeemed.    This structure   allows   the   bridging   lender   to   place   less   of   an   emphasis   on affordability   and   gives   applicants   the   opportunity   to   invest   in   potentially profitable    real    estate    projects    that    might    otherwise    be    beyond    their reach. During   the   purchase   of   property,   land   or   a   business   there   are   many things   that   can   go   wrong   and   a   non-status   bridging   loan   can   often   be   the answer    when    this    happens.    In    the    case    of    property    development projects,   a   non-status   loan   can   be   an   invaluable   tool   for   a   developer   to purchase   property   pending   a   planning   application.   Many   investors   and developers   don’t   have   substantial   cash   flow   income,   but   a   non-status loan   will   allow   them   to   leverage   their   assets   to   complete   a   purchase. Once   the   property   has   been   secured   they   can   gain   the   required   planning consent and switch to a mainstream development loan. Non-status   bridging   loans   can   be   arranged   for   all   types   of   commercial and residential property including: Property development Auction Purchases Land (with or without planning permission) Refurbishment, renovation and conversion projects. Refinancing existing investments Whilst    non-status    loans    are    often    used    by    applicants    with    limited financial   history   or   information   as   opposed   to   adverse   they   can   also   be used    by    clients    that    have    experienced    financial    difficulties    such    as County     Court     Judgements     (CCJs)     or     even     bankruptcy.     In     these circumstances   bridging   lenders   will   be   less   concerned   with   the   clients past   and   more   focussed   on   the   strength   of   the   security   and   the   client’s positive plans for the future. Non-status   bridging   loans   will   typically   be   offered   at   slightly   lower   loan   to values   (LTV)   than   a   loan   that   has   been   fully   status   assessed.   They   will also   tend   to   attract   slightly   higher   rates   than   standard   bridging   loans   but the   opportunities   they   offer   to   clients   who   would   otherwise   be   unable   to borrow   more   than   outweigh   these   minor   negatives.   They   play   a   key   role in driving the property market. Still   unsure   and   need   to   explore   your   options?   Why   not   consult   an expert? Central   Bridging   are   bridging   loan   specialists   with   a   great   track   record. We   are   a   principal   lender   offering   a   range   of   loan   facilities   for   business use   from   £250K   to   £2.5M   over   periods   from   3   to   24   months.   Our   loans are secured on freehold property across England and Wales. Crucially   you   will   always   speak   to   a   decision   maker   who   will   take   time   to understand   you   and   your   situation   and   unlike   some   of   the   bigger   banks will   then   tailor   a   solution   that   best   suits   your   needs   rather   than   their own. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, Granary Wharf, Wharf Road, Burton on Trent, Staffordshire, DE14 1DU Tel: 03332 400 506  Email: enquiry@centralbridging.co.uk Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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NONE STATUS

BRIDGING LOANS

KNOWLEDGE BASE

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