When    lending    against    leasehold    properties    High    Street    lenders    will typically   insist   on   a   minimum   50   year   period   remaining   on   the   lease before   consenting   to   a   loan.   They   will   also   generally   require   the   lease   to be extended at the point of completion. By    contrast,    some    specialist    bridging    lenders    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. Bridging   lenders   won’t   seek   to   over   complicate   matters   and   by   giving leaseholders   time   to   extend   the   lease   during   the   life   of   the   bridging   loan they allow them to significantly improve the value of their property. With    sale    of    the    extended    leasehold    property    often    being    the    exit strategy    for    redeeming    the    bridge    loan    this    flexible    approach    clearly benefits    both    borrower    and    lender    alike.    Of    key    importance    is    the specialist   lenders   inherent   belief   in   the   strength   of   the   property   market and    their    willingness    to    look    at    each    case    on    its    merits    rather    than making    blanket    decisions    on    defined    property    types.    With    specialist bridging   lenders   that   consider   this   type   of   deal   there   is   no   computer   to say “no”! As   well   as   providing   the   time   and   indeed   funds   to   extend   a   lease   the loan   proceeds   can   also   be   used   for   a   multiplicity   of   other   purposes   such as cash injection into a business or the settlement of creditor debts. Crucially,   short   lease   loans   can   usually   be   obtained   as   quickly   as   bridging loans   against   more   standard   types   of   property.   Interest   rates   for   loans secured   against   short   leasehold   property   will   typically   be   a   little   more expensive     than     those     secured     against     either     freehold     or     longer leasehold   properties   but,   as   detailed   above,   the   benefits   of   extending the    lease    during    the    period    of    the    bridge    can    be    significant    when    it comes to a subsequent sale. 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