BESPOKE BRIDGING LOAN
& SHORT TERM LENDER
SHORT LEASE
BRIDGING LOANS
KNOWLEDGE BASE
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
£5M
over
periods
from
3-24
months.
We
can
also
offer
medium-term
Base
Rate
Tracking
loans
from
24-60
months
duration.
Our
loans
are secured on freehold property across England and Wales.
You will always speak to a decision maker who will take time to understand you and your situation.
For a confidential discussion in the first instance contact us on:
Tel
+44 (0)3332 400 506
Email
enquiry@centralbridging.co.uk
Online