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