Central Bridging completes 1.8m bridging loan for overseas investor Central Bridging: Non-Status Bridging Loans Explained Central Bridging Business Turnaround Loans Central Bridging Completes 1.169 Bridge Central Bridging: Communication is Key Central Bridging: Bridging The Gap Central Bridging: Commercial Bridging Loan Explained Central Bridging: First Charge & Second Charge Bridging Loans Explained

BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

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Central Bridging: First Charge & Second Charge Bridging Loans Explained Bridging   loans   are   an   ideal   tool   if   you   need   to   unlock   money   from   your   property.   Perhaps   you   want   to   access   funds to   purchase   an   investment   property   or   maybe   you   need   to   resolve   a   pressing   creditor   issue   and   don't   have   the   cash flow to pay the debt in time? There   are   many   reasons   why   people   decide   to   opt   for   a   bridging   loan,   but   what   is   meant   by   the   terms   first   charge and second charge bridging loan?
A 2018 Guide to Bridging Loans by Central Bridging
A 2018 Guide to Bridging Loans by Central Bridging Bridging   loans   are   a   great   solution   if   you   need   finance   quickly   to   take   advantage   of   either   time   limited   opportunities or   to   resolve   emergency   situations.   Also   known   as   short   term   loans   they   are   usually   secured   against   residential   or commercial   property   but   sometimes   just   against   land   to   "bridge"   the   gap   until   longer   term   finance   can   be   arranged or the underlying security is sold. Once   only   a   niche   product,   they   have   experienced   huge   year   on   year   growth   due   to   their   flexibility   and   quick completion   times.   As   High   Street   Banks   have   suffered   liquidity   restrictions   and   tightened   their   criteria   new   lenders have entered the market offering diverse product ranges to cater for almost any scenario, no matter how complex.
Central Bridging: Commercial Bridging Loan Explained Commercial    bridging    loans,    as    their    name    implies,    are    quite    simply    bridging    loans    that    are    secured    against commercial   property.   In   common   with   other   types   of   bridging   they   are   used   to   obtain   funds   quickly,   either   to purchase   a   property   or   to   release   funds   quickly   from   a   property   the   borrower   already   owns.   Typical   commercial properties are office buildings, shops or factory units. To qualify for a commercial bridging loan the property used as security will need to be at least 40% commercial.
Central Bridging: 2018 Guide to Loans for Foreign Nationals & Expats
Central Bridging: 2018 Guide to Loans for Foreign Nationals & Expats There   are   many   reasons   why   Foreign   Nationals   buy   property   in   the   UK.   A   rich   culture   and   history,   political   stability, iconic   locations   and   excellent   schools   and   universities   to   name   but   a   few.   Add   to   these   the   inherent   strength   of   the UK   property   market   and   it   is   little   surprise   that   purchasing   an   investment   property   in   the   UK   remains   an   extremely attractive and potentially very lucrative opportunity for both Foreign Nationals and Expats alike. Indeed,   in   the   wake   of   the   Brexit   referendum   the   immediate   devaluation   of   the   Pound   against   a   raft   of   international currencies   helped   to   offset   the   stamp   duty   tax   changes   made   by   George   Osbourne   that   had   so   disproportionately impacted   high   end   properties   in   London.   Stamp   duty   of   up   to   15%   on   residential   investment   properties   was   offset by   a   similar   devaluation   in   sterling   which   ensured   that   foreign   national   and   Expat   interest   in   London,   as   well   as other strongly performing parts of the UK, has remained strong.
Central Bridging: Communication is Key Excellent   communication   with   your   borrowers,   as   well   as   quality   underwriting,   is   the   key   to   a   high   performing   short- term loan book. It’s   not   so   long   ago   that   bridge   lending   was   considered   a   very   niche   product.   Fast   forward   a   few   years   and   the market   is   now   estimated   to   be   worth   well   over   £4bn   per   annum.   As   high   street   banks   suffered   liquidity   restrictions and   tightened   their   criteria   in   the   wake   of   the   credit   crunch   a   new   breed   of   lenders   emerged   offering   an   increasingly diverse   and   innovative   range   of   products.   The   flexibility   of   these   new   loans   coupled   with   fast   completion   times   has driven huge year-on-year growth in lending volumes, most particularly in the last five years.
Central Bridging: Bridging The Gap 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.
Central Bridging: Offshore Company Loans Explained Wherever   possible,   overseas   buyers   should   consider   acquiring   UK   property   in   the   name   of   an   offshore   company   or other   offshore   vehicle.   This   is   obviously   subject   to   consideration   of   the   administration   and   running   costs   of   the company   and   the   tax   implications.   A   small   number   of   specialist   bridging   companies   are   prepared   to   lend   to   Limited & Offshore Limited companies, SPVs, Trusts and LLPs. This   is   rapidly   becoming   a   more   viable   option   for   clients   wanting   to   add   to   their   portfolio.   It   is   generally   not advisable   for   an   offshore   buyer   of   high   value   property   to   purchase   in   the   name   of   an   individual,   not   least   of   all because   it   has   become   very   expensive   to   transfer   a   property   into   the   name   of   a   company   at   a   later   stage.   What exactly are the advantages of Offshore Company loans for properties?
Central Bridging: Larger Loans for High Value Properties High   value   bridging   finance   is   a   specialist   and   technical   market,   encompassing   loans   that   generally   start   from   £1M upwards   and   are   often   sophisticated   and   complex.   Large   bridging   finance   loan   facilities   are   increasingly   being   used by   High   Net   Worth   individuals.   As   private   banks   and   traditional   lenders   have   scaled   back   lending,   especially   where   a property   requires   substantial   work,   a   small   number   of   bridging   finance   providers   are   still   prepared   to   lend   in   this space. The   Central   London   property   market   is   still   the   source   of   many   larger   bridging   loan   enquiries,   often   with   very   high value   single   unit   properties   being   offered   as   security.   The   number   of   well-funded   specialist   lenders   prepared   to   look at deals up to £25M has reduced but there are still some with an appetite for these deals.
Central Bridging: Larger Loans for High Value Properties
Central Bridging: Business Turnaround Loans Explained Business    Turnaround    loans    are    often    crucial    in    the    implementation    of    innovative    restructuring    solutions    and strategies.   They   can   be   vital   to   the   restructuring,   stabilisation   and   ultimately   the   revitalisation   of   previously   failing businesses. The circumstances in which Turnaround loans are required can be very complex but what exactly are they? There    are    a    variety    of    reasons    why    previously    successful    businesses    find    themselves    struggling.    Perhaps    they become   overly   dependent   on   one   contract   or   client   which   they   then   lose   to   a   competitor.   Sometimes   a   business   can suffer   if   a   rogue   employee   in   a   trusted   position   defrauds   them   of   money.   Whatever   the   potential   reason   why   a hitherto   successful   business   finds   itself   in   difficulty,   a   cash   injection   is   very   often   a   key   element   within   an   agreed restructuring package.
Central Bridging completes £1.169m bridge in seven working days Central   Bridging   has   completed   a   £1.169m   bridging   loan   in   seven   working   days   to   redeem   an   existing   business   loan that was about to expire. The   client   was   transacting   through   a   limited   company   with   the   security   property   owned   by   the   managing   director and   his   wife.      A   loan   application   with   another   bridging   lender   had   been   ongoing   for   some   weeks   without   success when the client’s broker approached Central. The loan was secured by way of a first charge at 70% LTV over a term of nine months.
Central Bridging: Non-Status Bridging Loans Explained In   simple   terms   a   non-status   bridging   loan   is   one   where   the   primary   focus   of   the   lender   is   on   the   value   of   the security.   If   the   security   is   strong   the   lender   will   be   less   concerned   with   the   clients   past   and   more   focussed   on   the positive plans they have for the future. Status   refers   to   the   amount   of   financial   information   a   potential   borrower   can   produce   to   support   their   application and   although   non-status   doesn't   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.
Central Bridging completes £1.8m bridging loan for overseas investor Central   Bridging   has   just   completed   a   £1.8m   bridging   loan   in   nine   working   days   for   a   non-domiciled,   non-resident client owning an investment property in Mayfair. The   property   is   a   top   floor   apartment   in   his   own   name   valued   at   £3.5m.   By   the   time   the   enquiry   from   a   leading London   broker   reached   Central   the   mortgagee,   an   overseas   bank,   had   already   threatened   to   instruct   an   LPAR receiver due to mounting arrears. The   client   required   £1.7m   to   halt   the   actions   being   taken   by   his   lender   and   redeem   his   mortgage.   Central’s   loan   of £1.8m   has   been   secured   against   the   Mayfair   apartment   at   a   rate   of   0.95%   per   month   over   a   period   of   12   months with an LTV of 51.5%.
Re-Bridging Loans for Existing Loans - An Ideal Solution The   bridging   market   has   grown   rapidly   in   recent   years   and   as   it's   done   so   the   number   of   borrowers   who   find themselves   unable   to   exit   their   loans   on   time   has   also   risen.   There   can   be   a   large   variety   of   reasons   for   this situation.   Perhaps   most   typical   are   the   unexpected   delays   that   can   hold   up   a   renovation   project   ranging   from unforeseen complications with the building works right through to planning permission issues. Aside   from   unforeseen   complications   with   building   works   it   might   simply   be   the   case   that   market   conditions   have changed   impacting   on   the   availability   of   mortgages   or   the   saleability   of   an   asset   intended   to   provide   the   exit.   A failed exit can sometimes just be down to the original loan period being far too optimistic at the outset.
Re-Bridging Loans For Existing Loans
Central Bridging: Loans to Resolve Tax Issues with HMRC As   we   move   into   the   Autumn   HMRC   are   ratcheting   up   the   pressure   on   taxpayers,   including   those   who   still   have outstanding   loans   from   Employee   Benefit   Schemes   (EBTs).   Over   recent   years   there   has   been   an   increasing   focus   by the government on what it considers to be corporate tax avoidance. Consequently,   HMRC,   whose   collection   powers   have   been   considerably   bolstered   by   the   introduction   of   Accelerated Payment   Notice   (APN)   and   Partner   Payment   Notice   (PPN)   legislation,   have   steadily   increased   pressure   on   companies that   owe   tax   or   have   set   up   EBTs   and   have   yet   to   settle.   APNs   and   PPNs   are   now   seen   as   a   key   weapon   in   the   battle to deliver increased revenue to the Treasury via a 'fairer' taxation system.
Central Bridging: Loans to Resolve Tax Issues with HMRC
Central Bridging: Short Lease Bridging Loans Explained Some   High   Street   lenders   will   consider   a   lease   with   anything   less   than   70   years   remaining   too   short   to   lend   against whilst   many   more   will   insist   on   a   minimum   50   year   term   before   consenting   to   a   loan.   In   addition,   they   generally   also require the lease to be extended at the point of completion. Despite   the   reluctance   of   High   Street   lenders   to   offer   Short   Lease   loans   they   can   be   a   cost-effective   way   to   buy   in desirable   locations,   generate   excellent   capital   growth   and   attractive   rents.   Fortunately,   there   are   a   small   number   of specialist   bridging   lenders   that   are   prepared   to   take   a   much   more   flexible   approach,   advancing   loans   against   a variety of leasehold properties with 10 or even less years remaining on the lease.
Central Bridging: Short Lease Bridging Loans Explained
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, 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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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: Non-Status Bridging Loans Explained

BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

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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PRESS RELEASES

Central Bridging: First Charge & Second Charge Bridging Loans Explained
Central    Bridging:    First    Charge &      Second      Charge      Bridging Loans Explained Bridging   loans   are   an   ideal   tool   if   you need     to     unlock     money     from     your property.   Perhaps   you   want   to   access funds     to     purchase     an     investment property     or     maybe     you     need     to resolve   a   pressing   creditor   issue   and don't   have   the   cash   flow   to   pay   the debt in time? There   are   many   reasons   why   people decide   to   opt   for   a   bridging   loan,   but what     is     meant     by     the     terms     first charge    and    second    charge    bridging loan?
A 2018 Guide to Bridging Loans by Central Bridging
A   2018   Guide   to   Bridging   Loans by Central Bridging Bridging    loans    are    a    great    solution    if you     need     finance     quickly     to     take advantage      of      either      time      limited opportunities   or   to   resolve   emergency situations.    Also    known    as    short    term loans   they   are   usually   secured   against residential   or   commercial   property   but sometimes   just   against   land   to   "bridge" the   gap   until   longer   term   finance   can be   arranged   or   the   underlying   security is sold. Once   only   a   niche   product,   they   have experienced   huge   year   on   year   growth due      to      their      flexibility      and      quick completion   times.   As   High   Street   Banks have   suffered   liquidity   restrictions   and tightened     their     criteria     new     lenders have      entered      the      market      offering diverse    product    ranges    to    cater    for almost    any    scenario,    no    matter    how complex.
Central    Bridging:    Commercial Bridging Loan Explained Commercial    bridging    loans,    as    their name      implies,      are      quite      simply bridging      loans      that      are      secured against       commercial       property.       In common   with   other   types   of   bridging they   are   used   to   obtain   funds   quickly, either    to    purchase    a    property    or    to release   funds   quickly   from   a   property the    borrower    already    owns.    Typical commercial      properties      are      office buildings, shops or factory units. To   qualify   for   a   commercial   bridging loan   the   property   used   as   security   will need to be at least 40% commercial.
Central Bridging: 2018 Guide to Loans for Foreign Nationals & Expats
Central    Bridging:    2018    Guide to   Loans   for   Foreign   Nationals & Expats There   are   many   reasons   why   Foreign Nationals   buy   property   in   the   UK.   A rich     culture     and     history,     political stability,   iconic   locations   and   excellent schools   and   universities   to   name   but a    few.    Add    to    these    the    inherent strength    of    the    UK    property    market and   it   is   little   surprise   that   purchasing an    investment    property    in    the    UK remains    an    extremely    attractive    and potentially   very   lucrative   opportunity for   both   Foreign   Nationals   and   Expats alike.
Central Bridging: Communication is Key Excellent      communication      with      your borrowers,        as        well        as        quality underwriting,     is     the     key     to     a     high performing short-term loan book. It’s   not   so   long   ago   that   bridge   lending was    considered    a    very    niche    product. Fast     forward     a     few     years     and     the market    is    now    estimated    to    be    worth well    over    £4bn    per    annum.    As    high street         banks         suffered         liquidity restrictions   and   tightened   their   criteria in   the   wake   of   the   credit   crunch   a   new breed   of   lenders   emerged   offering   an increasingly      diverse      and      innovative range    of    products.    The    flexibility    of these     new     loans     coupled     with     fast completion   times   has   driven   huge   year- on-year     growth     in     lending     volumes, most particularly in the last five years.
Central    Bridging:    Bridging    The Gap 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.
Central        Bridging:        Offshore Company Loans Explained Wherever     possible,     overseas     buyers should   consider   acquiring   UK   property in   the   name   of   an   offshore   company   or other   offshore   vehicle.   This   is   obviously subject       to       consideration       of       the administration   and   running   costs   of   the company    and    the    tax    implications.    A small     number     of     specialist     bridging companies     are     prepared     to     lend     to Limited   &   Offshore   Limited   companies, SPVs, Trusts and LLPs. This   is   rapidly   becoming   a   more   viable option    for    clients    wanting    to    add    to their     portfolio.     It     is     generally     not advisable   for   an   offshore   buyer   of   high value   property   to   purchase   in   the   name of   an   individual,   not   least   of   all   because it      has      become      very      expensive      to transfer   a   property   into   the   name   of   a company   at   a   later   stage.   What   exactly are       the       advantages       of       Offshore Company loans for properties?
Central    Bridging:    Larger    Loans for High Value Properties High      value      bridging      finance      is      a specialist        and        technical        market, encompassing   loans   that   generally   start from     £1M     upwards     and     are     often sophisticated       and       complex.       Large bridging      finance      loan      facilities      are increasingly    being    used    by    High    Net Worth   individuals.   As   private   banks   and traditional    lenders    have    scaled    back lending,    especially    where    a    property requires      substantial      work,      a      small number    of    bridging    finance    providers are still prepared to lend in this space. The   Central   London   property   market   is still   the   source   of   many   larger   bridging loan    enquiries,    often    with    very    high value      single      unit      properties      being offered   as   security.   The   number   of   well- funded    specialist    lenders    prepared    to look   at   deals   up   to   £25M   has   reduced but     there     are     still     some     with     an appetite for these deals.
Central Bridging: Larger Loans for High Value Properties Central Bridging: Communication is Key Central Bridging: Bridging The Gap Central Bridging Business Turnaround Loans Central Bridging Completes 1.169 Bridge
Central        Bridging:        Business Turnaround Loans Explained Business    Turnaround    loans    are    often crucial      in      the      implementation      of innovative    restructuring    solutions    and strategies.    They    can    be    vital    to    the restructuring,           stabilisation           and ultimately         the         revitalisation         of previously failing businesses. The   circumstances   in   which   Turnaround loans   are   required   can   be   very   complex but what exactly are they? There    are    a    variety    of    reasons    why previously    successful    businesses    find themselves     struggling.     Perhaps     they become     overly     dependent     on     one contract   or   client   which   they   then   lose to   a   competitor.   Sometimes   a   business can    suffer    if    a    rogue    employee    in    a trusted     position     defrauds     them     of money.   Whatever   the   potential   reason why     a     hitherto     successful     business finds   itself   in   difficulty,   a   cash   injection is   very   often   a   key   element   within   an agreed restructuring package.
Central        Bridging        completes £1.169m       bridge       in       seven working days Central      Bridging      has      completed      a £1.169m   bridging   loan   in   seven   working days    to    redeem    an    existing    business loan that was about to expire. The    client    was    transacting    through    a limited     company     with     the     security property      owned      by      the      managing director      and      his      wife.            A      loan application       with       another       bridging lender     had     been     ongoing     for     some weeks      without      success      when      the client’s broker approached Central. The   loan   was   secured   by   way   of   a   first charge   at   70%   LTV   over   a   term   of   nine months.
Central      Bridging:      Non-Status Bridging Loans Explained In   simple   terms   a   non-status   bridging loan   is   one   where   the   primary   focus   of the     lender     is     on     the     value     of     the security.    If    the    security    is    strong    the lender   will   be   less   concerned   with   the clients   past   and   more   focussed   on   the positive plans they have for the future. Status   refers   to   the   amount   of   financial information    a    potential    borrower    can produce    to    support    their    application and       although       non-status       doesn't 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.
Central Bridging completes 1.8m bridging loan for overseas investor
Central       Bridging       completes £1.8m        bridging        loan        for overseas investor Central   Bridging   has   just   completed   a £1.8m    bridging    loan    in    nine    working days   for   a   non-domiciled,   non-resident client   owning   an   investment   property   in Mayfair. The   property   is   a   top   floor   apartment   in his   own   name   valued   at   £3.5m.   By   the time      the      enquiry      from      a      leading London     broker     reached     Central     the mortgagee,     an     overseas     bank,     had already   threatened   to   instruct   an   LPAR receiver due to mounting arrears. The    client    required    £1.7m    to    halt    the actions   being   taken   by   his   lender   and redeem   his   mortgage.   Central’s   loan   of £1.8m    has    been    secured    against    the Mayfair    apartment    at    a    rate    of    0.95% per   month   over   a   period   of   12   months with an LTV of 51.5%.
Re-Bridging    Loans    for    Existing Loans - An Ideal Solution The   bridging   market   has   grown   rapidly in   recent   years   and   as   it's   done   so   the number       of       borrowers       who       find themselves    unable    to    exit    their    loans on   time   has   also   risen.   There   can   be   a large      variety      of      reasons      for      this situation.   Perhaps   most   typical   are   the unexpected   delays   that   can   hold   up   a renovation       project       ranging       from unforeseen      complications      with      the building       works       right       through       to planning permission issues. Aside    from    unforeseen    complications with   building   works   it   might   simply   be the    case    that    market    conditions    have changed    impacting    on    the    availability of    mortgages    or    the    saleability    of    an asset    intended    to    provide    the    exit.    A failed   exit   can   sometimes   just   be   down to   the   original   loan   period   being   far   too optimistic at the outset.
Re-Bridging Loans For Existing Loans
Central       Bridging:       Loans       to Resolve Tax Issues with HMRC As   we   move   into   the   Autumn   HMRC   are ratcheting       up       the       pressure       on taxpayers,     including     those     who     still have   outstanding   loans   from   Employee Benefit    Schemes    (EBTs).    Over    recent years    there    has    been    an    increasing focus    by    the    government    on    what    it considers       to       be       corporate       tax avoidance. Consequently,   HMRC,   whose   collection powers        have        been        considerably bolstered      by      the      introduction      of Accelerated   Payment   Notice   (APN)   and Partner         Payment         Notice         (PPN) legislation,      have      steadily      increased pressure   on   companies   that   owe   tax   or have   set   up   EBTs   and   have   yet   to   settle. APNs   and   PPNs   are   now   seen   as   a   key weapon      in      the      battle      to      deliver increased   revenue   to   the   Treasury   via   a 'fairer' taxation system.
Central Bridging: Loans to Resolve Tax Issues with HMRC
Central     Bridging:     Short     Lease Bridging Loans Explained Some   High   Street   lenders   will   consider a   lease   with   anything   less   than   70   years remaining    too    short    to    lend    against whilst     many     more     will     insist     on     a minimum       50       year       term       before consenting   to   a   loan.   In   addition,   they generally   also   require   the   lease   to   be extended at the point of completion. Despite    the    reluctance    of    High    Street lenders   to   offer   Short   Lease   loans   they can   be   a   cost-effective   way   to   buy   in desirable   locations,   generate   excellent capital     growth     and     attractive     rents. Fortunately,   there   are   a   small   number of   specialist   bridging   lenders   that   are prepared   to   take   a   much   more   flexible approach,    advancing    loans    against    a variety   of   leasehold   properties   with   10 or    even    less    years    remaining    on    the lease.
Central Bridging: Short Lease Bridging Loans Explained
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
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