BARGIN HUNT - UNCERTAINTY GIVES RISE TO OPPORTUNITY - Brian West, Director, Central Bridging BRIDGING PAST, PRESENT AND FUTURE - Brian West, Director, Central Bridging CENTRAL BRIDGING LAUNCHES LUXURY ASSET-BACKED BRIDGING LOANS

BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

PRESS RELEASES

Can bridging afford a no-deal Brexit With   the   intractable   negotiations   concerning   the   Irish   border   rumbling   on   the   possibility   of   a   ‘No   Deal’   Brexit,   whilst still   small,   cannot   be   entirely   ruled   out.   Clearly   it’s   in   everyone’s   interests   to   reach   a   deal,   not   least   of   all   for   the   EU who,   it   must   be   remembered,   are   massive   net   exporters   to   the   UK.   German   car   manufacturers   are   just   one   group who   will   be   applying   strong   pressure   to   EU   negotiators   given   that   it’s   the   British   that   love   BMW’s   and   Mercedes whilst many French prefer to drive Citroens and Peugeots!
Industry calls for dedicated bridging qualification Bridging   experts   have   called   for   the   introduction   of   a   bridging   qualification   to   improve   reputation,   education   and self-regulation across the industry. Brian   West,   director   of   Central   Bridging,   who   sits   on   the   board   of   the   ASTL   (Association   of   Short   Term   Lenders), namedropped   the   old   FISA   (Finance   Industry   Standards   Association)   qualification   for   secured   loans,   which   he   said drove up standards and confidence. He   said:   “I   regularly   push   for   examinations   and   training.   Pretty   much   everybody,   every   underwriter   within   the   main brokerages took the old FISA qualification and got their certificate.
Central Bridging: Specialist Bridging Loans Explained Many   bridging   lenders   obtain   their   funding   from   institutional   sources,   typically   from   major   banks   or   hedge   funds. Whilst   the   rates   at   which   they   obtain   this   funding   can   be   attractive   the   terms,   conversely,   can   be   quite   restrictive. Strict   covenants   are   often   applied   dictating   the   rules   and   parameters   of   all   lending   decisions.   Such   restrictions inevitably   mean   that   certain   clients   with   complex   or   unusual   circumstances   struggle   to   satisfy   the   requirements   of more mainstream lenders.
Specialist Bridging Loans Explained Bridging Industry Qualification Briding Loans and No Deal Brexit
Building a Diverse Funding Base Is Key It's   now   over   ten   years   since   the   Credit   Crunch   first   began   to   bite   back   in   2007/2008.   High   Street   Banks   and institutional   lenders   were   quickly   impacted,   resulting   in   severe   liquidity   restrictions.   Despite   direct   intervention   by the   Bank   of   England   to   reduce   interest   rates,   interbank   lending   rates   remained   stubbornly   high,   a   reflection   of   the banks   lack   of   confidence   in   each   other's   financial   security.   This   in   turn   lead   to   a   severe   reduction   in   both   personal and corporate credit and a rapid downturn in the housing and construction markets.
Building a Diverse Funding Base Is Key
Central Bridging completes £2m second charge bridge Central   Bridging   has   provided   a   £2m   second   charge   bridging   loan   in   10   working   days   to   support   a   property   investor in north-west London. The   borrower   owned   an   investment   property   in   St   John’s   Wood   valued   at   £6.95m,   which   he   was   happy   to   use   as security. The   client   had   a   two-week   window   to   raise   funds   to   take   advantage   of   a   very   time-constrained   opportunity   for   one of his businesses. A   valuation   was   completed   within   eight   days   of   the   original   approach   and   during   this   period,   Central   Bridging obtained a full due diligence pack, including application forms and consent from the client’s first mortgage lender.
Central Bridging completes 2m second charge bridge
Central Bridging: Regulated & Unregulated Bridging Loans Explained Whilst    Bridging    Loans    have    grown    enormously    in    popularity    in    recent    years    and    can    now    be    used    for    an unprecedented    variety    of    different    purposes,    they    still    come    in    just    two    principle    forms,    either    regulated    or unregulated. Whichever   form,   they   can   be   an   ideal   solution   for   both   individuals   or   businesses   needing   to   move   quickly,   either   to take   advantage   of   time   limited   opportunities   or   to   resolve   pressing   emergency   situations.   Unregulated   loans   tend   to be   more   numerous   than   regulated   but   both   are   designed   to   "bridge"   the   gap   until   longer   term   finance   can   be arranged or an underlying security is sold.
Regulated & Unregulated Bridging Loans Explained
Central Bridging, 34 Queen Anne Street, London, W1G 8HE 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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CENTRAL BRIDGING COMPLETES £1.2M RE-BRIDGING LOAN Central   Bridging   has   recently   completed   a   £1.2m   first   charge   loan   to   re-bridge   an   expired   facility   for   a   London   based property investor. Introduced   to   Central   shortly   after   Christmas,   the   client   had   been   in   default   for   nearly   two   months,   was   being charged   a   very   high   standard   rate   of   interest   and   had   already   incurred   substantial   additional   fees.   Consequently,   his debt had risen significantly in a very short space of time. Having   obtained   a   concise   and   accurate   summary   from   the   broker   and   authority   from   the   client   to   deal   directly   with his   existing   lender,   Central   were   able   to   negotiate   a   significant   5   figure   reduction   in   the   redemption   figure.   The original lender was then redeemed with the new deal saving the client over 2% per month.
CENTRAL BRIDGING COMPLETES 1.2M RE-BRIDGING LOAN
CENTRAL BRIDGING SECURES NEW FUNDING LINES FOR 'JUMBO' LOANS Central Bridging has obtained new funding lines to offer ‘jumbo’ loans. The funding will allow the bridging lender to provide loans from £5m-50m in a single transaction. These    can    be    secured    against    residential    property    at    up    to    65%    LTV    and    commercial    and    semi-commercial properties at up to 60% LTV. John   Clifford,   managing   director   at   Central   Bridging   (pictured   above),   said:   “We   have   a   team   with   the   skill   set   and knowledge needed to complete these exceptionally large loans quickly.
CENTRAL BRIDGING SECURES NEW FUNDING LINES FOR 'JUMBO' LOANS
HOMES UNDER THE HAMMER How TV programmes drive the bridging market… For   viewers   with   time   on   their   hands   and   a   serious   addiction   to   all-things   property   related   it   might   now   be   possible to    watch    Martin    Roberts,    George    Clarke,    Kirstie    Allsopp,    Amanda    Lamb,    Kevin    McCloud    and    Phil    Spencer continuously   around   the   clock.   What   a   thought!   It   seems   that,   a   little   bit   like   the   relentless   advance   of   football’s Premier League, there is nothing that can check the growth of TV property programmes! Whilst   some   might   bemoan   the   saturation   of   such   shows   there   can   be   little   doubt   that   viewer   favourites   such   as “Homes   under   the   Hammer,”   which   has   been   running   since   2003,   have   inspired   a   generation   of   property   investors and developers in the UK.
HOMES UNDER THE HAMMER
CAN WE STOP BREXIT TURNING INTO A GREEK TRAGEDY? Back   in   the   spring   of   2017   the   former   Greek   Finance   Minister,   Yanis   Varoufakis   suggested   that   the   UK   should   “avoid negotiating   with   Brussels   at   all   costs.”   This   was   the   man   that   had   headed   negotiations   with   the   EU   and   the   IMF   over the   extension   of   Greece’s   debts,   negotiations   where   the   terms   offered   by   the   EU   were   so   harsh,   they   led   to   a   Greek Referendum   in   2015   on   whether   to   accept   the   bail   out   deal.   Varoufakis   successfully   campaigned   for   a   “No   vote”   and then   promptly   resigned   when   the   Greek   Prime   Minister   revealed   to   him   that   he   was   going   to   simply   ignore   the result of the referendum. Back   in   the   spring   of   2017   the   former   Greek   Finance   Minister,   Yanis   Varoufakis   suggested   that   the   UK   should   “avoid negotiating with Brussels at all costs.”
CAN WE STOP BREXIT TURNING INTO A GREEK TRAGEDY?
STRONGER, LEANER AND FITTER Taking a look at the year that was and the prospects for 2019. As   the   Christmas   Party   season   gets   into   full   swing   and   the   year   draws   to   a   close   it’s   worth   reflecting   on   just   how   far the   bridging   industry   has   come,   not   just   in   the   last   twelve   months,   but   in   the   ten   years   since   the   Global   Financial Crisis of 2007/08. Back   in   2008   the   world   was   a   very   different   place.   As   the   Credit   Crunch   tightened   its   grip   early   in   the   year,   interest rates   were   cut   from   what   now   seems   like   a   positively   stratospheric   5.5%   to   5.25%,   Heather   Mills   eased   any   personal money   worries   with   a   £24.3M   divorce   settlement   from   estranged   husband   Sir   Paul   McCartney   and   Manchester United were heading towards their tenth Premier League title and clearly still a good side!
STRONGER, LEANER AND FITTER
BRIDGING LOANS Once   considered   as   only   a   niche   product,   short-term   lending   or   bridge   lending   has   seen   huge   year   on   year   growth this   decade   due   to   the   flexibility   and   quick   completion   times   these   loans   can   offer.   As   High   Street   Banks   have suffered   liquidity   restrictions   and   tightened   their   criteria   new   lenders   have   entered   the   market   offering   a   diverse and innovative range of products that have seen the market grow to an estimated £4Bn per annum. Bridging   loans   can   be   a   great   solution   for   clients   who   need   finance   quickly,   either   to   take   advantage   of   a   time limited   opportunity   or   to   resolve   an   emergency   situation   but   for   lenders   that   offer   these   loans   they   present   a unique set of credit management challenges.
BRIDGING LOANS
CENTRAL BRIDGING LAUNCHES LUXURY ASSET-BACKED BRIDGING LOANS Central Bridging has introduced a new asset-backed bridging offering. The   loans   are   secured   exclusively   against   luxury   assets,   making   them   ideal   for   high-net-worth   (HNW)   and   ultra-high- net-worth (UHNW) clients. Acceptable asset classes include gems and jewellery, bullion, US Treasury certificates and UK gilts. The   new   product   will   enable   borrowers   to   access   working   capital   and   achieve   their   goals   without   having   to   rely   on traditional bank funding or bricks-and-mortar security.
BRIDGING PAST, PRESENT AND FUTURE Brian West, Director, Central Bridging As   we   move   into   the   second   quarter   of   2019   it   is   hard   to   beleive   that   over   a   decade   has   now   passed   since   the darkest   days   of   the   global   financial   crisis   back   in   2008,   a   crisis   which   gave   rise   to   the   deepest   recession   since   the 1930s but also proved to be a catalyst for the strong and vibrant bridging loan industry we have today. https://issuu.com/nacfb/docs/6882_-_nacfb_-_magazine_issue_4_-_a/36
BARGIN HUNT - UNCERTAINTY GIVES RISE TO OPPORTUNITY Brian West, Director, Central Bridging Last   month   this   column   drew   inspiration   from   the   long   running   BBC   television   show,   Homes   Under   the   Hammer,   to explain    how    property    related    programmes    have    played    an    important    role    inspiring    a    generation    of    property investors and developers. https://issuu.com/mortgageintroducer/docs/binder2_58e8f61a444171/11
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BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

Central Bridging, 34 Queen Anne Street, London, W1G 8HE 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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PRESS RELEASES

Can    bridging    afford    a    no-deal Brexit With       the       intractable       negotiations concerning    the    Irish    border    rumbling on   the   possibility   of   a   ‘No   Deal’   Brexit, whilst    still    small,    cannot    be    entirely ruled     out.     Clearly     it’s     in     everyone’s interests   to   reach   a   deal,   not   least   of   all for       the       EU       who,       it       must       be remembered,         are         massive         net exporters     to     the     UK.     German     car manufacturers   are   just   one   group   who will   be   applying   strong   pressure   to   EU negotiators    given    that    it’s    the    British that    love    BMW’s    and    Mercedes    whilst many    French    prefer    to    drive    Citroens and Peugeots!
Industry      calls      for      dedicated bridging qualification Bridging    experts    have    called    for    the introduction   of   a   bridging   qualification to    improve    reputation,    education    and self-regulation across the industry. Brian   West,   director   of   Central   Bridging, who    sits    on    the    board    of    the    ASTL (Association    of    Short    Term    Lenders), namedropped    the    old    FISA    (Finance Industry          Standards          Association) qualification    for    secured    loans,    which he      said      drove      up      standards      and confidence. He       said:       “I       regularly       push       for examinations   and   training.   Pretty   much everybody,     every     underwriter     within the   main   brokerages   took   the   old   FISA qualification and got their certificate.
Central        Bridging:        Specialist Bridging Loans Explained Many     bridging     lenders     obtain     their funding      from      institutional      sources, typically    from    major    banks    or    hedge funds.    Whilst    the    rates    at    which    they obtain    this    funding    can    be    attractive the    terms,    conversely,    can    be    quite restrictive.    Strict    covenants    are    often applied       dictating       the       rules       and parameters     of     all     lending     decisions. Such    restrictions    inevitably    mean    that certain   clients   with   complex   or   unusual circumstances    struggle    to    satisfy    the requirements      of      more      mainstream lenders.
Specialist Bridging Loans Explained Bridging Industry Qualification Briding Loans and No Deal Brexit
Building   a   Diverse   Funding   Base Is Key It's   now   over   ten   years   since   the   Credit Crunch     first     began     to     bite     back     in 2007/2008.     High     Street     Banks     and institutional       lenders       were       quickly impacted,    resulting    in    severe    liquidity restrictions.   Despite   direct   intervention by     the     Bank     of     England     to     reduce interest    rates,    interbank    lending    rates remained   stubbornly   high,   a   reflection of   the   banks   lack   of   confidence   in   each other's    financial    security.    This    in    turn lead    to    a    severe    reduction    in    both personal    and    corporate    credit    and    a rapid    downturn    in    the    housing    and construction markets.
Building a Diverse Funding Base Is Key
Central   Bridging   completes   £2m second charge bridge Central    Bridging    has    provided    a    £2m second     charge     bridging     loan     in     10 working    days    to    support    a    property investor in north-west London. The    borrower    owned    an    investment property    in    St    John’s    Wood    valued    at £6.95m,   which   he   was   happy   to   use   as security. The   client   had   a   two-week   window   to raise   funds   to   take   advantage   of   a   very time-constrained    opportunity    for    one of his businesses. A   valuation   was   completed   within   eight days     of     the     original     approach     and during     this     period,     Central     Bridging obtained     a     full     due     diligence     pack, including        application        forms        and consent   from   the   client’s   first   mortgage lender.
Central Bridging completes 2m second charge bridge
Central    Bridging:    Regulated    & Unregulated       Bridging       Loans Explained Whilst     Bridging     Loans     have     grown enormously     in     popularity     in     recent years    and    can    now    be    used    for    an unprecedented      variety      of      different purposes,    they    still    come    in    just    two principle     forms,     either     regulated     or unregulated. Whichever   form,   they   can   be   an   ideal solution       for       both       individuals       or businesses    needing    to    move    quickly, either   to   take   advantage   of   time   limited opportunities    or    to    resolve    pressing emergency       situations.       Unregulated loans   tend   to   be   more   numerous   than regulated    but    both    are    designed    to "bridge"     the     gap     until     longer     term finance      can      be      arranged      or      an underlying security is sold.
Regulated & Unregulated Bridging Loans Explained
CENTRAL BRIDGING COMPLETES £1.2M RE- BRIDGING LOAN Central         Bridging         has         recently completed   a   £1.2m   first   charge   loan   to re-bridge     an     expired     facility     for     a London based property investor. Introduced     to     Central     shortly     after Christmas,     the     client     had     been     in default    for    nearly    two    months,    was being    charged    a    very    high    standard rate      of      interest      and      had      already incurred     substantial     additional     fees. Consequently,      his      debt      had      risen significantly    in    a    very    short    space    of time. Having       obtained       a       concise       and accurate   summary   from   the   broker   and authority     from     the     client     to     deal directly   with   his   existing   lender,   Central were   able   to   negotiate   a   significant   5 figure     reduction     in     the     redemption figure.    The    original    lender    was    then redeemed   with   the   new   deal   saving   the client over 2% per month.
CENTRAL BRIDGING COMPLETES 1.2M RE-BRIDGING LOAN
CENTRAL BRIDGING SECURES NEW FUNDING LINES FOR 'JUMBO' LOANS Central    Bridging    has    obtained    new funding lines to offer ‘jumbo’ loans. The    funding    will    allow    the    bridging lender    to    provide    loans    from    £5m- 50m in a single transaction. These       can       be       secured       against residential   property   at   up   to   65%   LTV and   commercial   and   semi-commercial properties at up to 60% LTV. John    Clifford,    managing    director    at Central      Bridging      (pictured      above), said:   “We   have   a   team   with   the   skill set       and       knowledge       needed       to complete     these     exceptionally     large loans quickly.
HOMES UNDER THE HAMMER How      TV      programmes      drive      the bridging market… For   viewers   with   time   on   their   hands and   a   serious   addiction   to   all-things property    related    it    might    now    be possible    to    watch    Martin    Roberts, George       Clarke,       Kirstie       Allsopp, Amanda   Lamb,   Kevin   McCloud   and Phil    Spencer    continuously    around the   clock.   What   a   thought!   It   seems that,    a    little    bit    like    the    relentless advance       of       football’s       Premier League,    there    is    nothing    that    can check    the    growth    of    TV    property programmes! Whilst     some     might     bemoan     the saturation   of   such   shows   there   can be   little   doubt   that   viewer   favourites such       as       “Homes       under       the Hammer,”    which    has    been    running since       2003,       have       inspired       a generation     of     property     investors and developers in the UK.
CAN WE STOP BREXIT TURNING INTO A GREEK TRAGEDY? Back     in     the     spring     of     2017     the former      Greek      Finance      Minister, Yanis   Varoufakis   suggested   that   the UK    should    “avoid    negotiating    with Brussels   at   all   costs.”   This   was   the man    that    had    headed    negotiations with    the    EU    and    the    IMF    over    the extension        of        Greece’s        debts, negotiations       where       the       terms offered    by    the    EU    were    so    harsh, they   led   to   a   Greek   Referendum   in 2015   on   whether   to   accept   the   bail out     deal.     Varoufakis     successfully campaigned    for    a    “No    vote”    and then    promptly    resigned    when    the Greek    Prime    Minister    revealed    to him    that    he    was    going    to    simply ignore the result of the referendum. Back     in     the     spring     of     2017     the former      Greek      Finance      Minister, Yanis   Varoufakis   suggested   that   the UK    should    “avoid    negotiating    with Brussels at all costs.”
STRONGER, LEANER AND FITTER Taking   a   look   at   the   year   that   was and the prospects for 2019. As   the   Christmas   Party   season   gets into   full   swing   and   the   year   draws   to a   close   it’s   worth   reflecting   on   just how    far    the    bridging    industry    has come,    not    just    in    the    last    twelve months,   but   in   the   ten   years   since the      Global      Financial      Crisis      of 2007/08. Back   in   2008   the   world   was   a   very different   place.   As   the   Credit   Crunch tightened   its   grip   early   in   the   year, interest    rates    were    cut    from    what now       seems       like       a       positively stratospheric        5.5%        to        5.25%, Heather    Mills    eased    any    personal money      worries      with      a      £24.3M divorce    settlement    from    estranged husband     Sir     Paul     McCartney     and Manchester     United     were     heading towards   their   tenth   Premier   League title and clearly still a good side!
BRIDGING LOANS Once    considered    as    only    a    niche product,      short-term      lending      or bridge   lending   has   seen   huge   year on   year   growth   this   decade   due   to the   flexibility   and   quick   completion times   these   loans   can   offer.   As   High Street   Banks   have   suffered   liquidity restrictions      and      tightened      their criteria    new    lenders    have    entered the    market    offering    a    diverse    and innovative    range    of    products    that have    seen    the    market    grow    to    an estimated £4Bn per annum. Bridging     loans     can     be     a     great solution      for      clients      who      need finance      quickly,      either      to      take advantage       of       a       time       limited opportunity      or      to      resolve      an emergency   situation   but   for   lenders that   offer   these   loans   they   present   a unique    set    of    credit    management challenges.
BRIDGING LOANS CENTRAL BRIDGING SECURES NEW FUNDING LINES FOR 'JUMBO' LOANS HOMES UNDER THE HAMMER CAN WE STOP BREXIT TURNING INTO A GREEK TRAGEDY? STRONGER, LEANER AND FITTER BARGIN HUNT - UNCERTAINTY GIVES RISE TO OPPORTUNITY - Brian West, Director, Central Bridging BRIDGING PAST, PRESENT AND FUTURE - Brian West, Director, Central Bridging CENTRAL BRIDGING LAUNCHES LUXURY ASSET-BACKED BRIDGING LOANS
CENTRAL BRIDGING LAUNCHES LUXURY ASSET-BACKED BRIDGING LOANS Central   Bridging   has   introduced   a   new asset-backed bridging offering. The      loans      are      secured      exclusively against     luxury     assets,     making     them ideal     for     high-net-worth     (HNW)     and ultra-high-net-worth (UHNW) clients. Acceptable   asset   classes   include   gems and     jewellery,     bullion,     US     Treasury certificates and UK gilts. The   new   product   will   enable   borrowers to   access   working   capital   and   achieve their    goals    without    having    to    rely    on traditional   bank   funding   or   bricks-and- mortar security.
BRIDGING PAST, PRESENT AND FUTURE Brian West, Director, Central Bridging As   we   move   into   the   second   quarter   of 2019   it   is   hard   to   beleive   that   over   a decade     has     now     passed     since     the darkest    days    of    the    global    financial crisis   back   in   2008,   a   crisis   which   gave rise   to   the   deepest   recession   since   the 1930s   but   also   proved   to   be   a   catalyst for   the   strong   and   vibrant   bridging   loan industry we have today. - _nacfb_-_magazine_issue_4_-_a/36
BARGIN HUNT - UNCERTAINTY GIVES RISE TO OPPORTUNITY Brian West, Director, Central Bridging Last       month       this       column       drew inspiration   from   the   long   running   BBC television     show,     Homes     Under     the Hammer,     to     explain     how     property related    programmes    have    played    an important   role   inspiring   a   generation   of property investors and developers. / docs/binder2_58e8f61a444171/11
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