A break down of our Auction Bridging Finance Rates and products We all know purchasing a property at an auction can be very lucrative but the process is time-sensitive, as such standard mortgages usually fail to cater for auction properties. It is therefore essential you source the right type of specialist finance to ensure you are equipped to fulfil on your bid. Auction bridging finance works … [Read more...]
Remortgage after buying on bridging finance
How to remortgage your buy to let property after you have bought it with bridging finance Bridging Finance has its place but most that use it cannot wait until the day it is repaid. It burns a whole in the deepest of pockets with crippling monthly fees repayments or the roll up of interest. The natural way to repay the loan is by effectively transferring the debt into a traditional secured … [Read more...]
Getting a loan quickly to pay HMRC tax Bill
I have a huge tax bill and need to raise some money urgently on my assets - can you help me get a loan to pay a HMRC tax bill? If you are one of thousands of people who are currently looking to pay their tax liability then you know how urgent it is to find a fast solution to make payment. I’ve been inundated with enquiries in relation to raising additional funding to pay a tax bill via … [Read more...]
Finance for a lease extension in central London
Ever thought of buying a place in Central London, extending the lease then selling it on - But how do you get finance for a lease extension in central London Central London has traditionally been a haven for desirable properties with short leases and the potential for extending them and selling them on is colossal. You may have watched renovation programmes on the television often fronted by an … [Read more...]
Finance for Lease Extensions
I have an expensive property in Central London and need to raise funds quickly, how do I get Finance for Lease Extensions? I recently have received a number of enquiries within the Knightsbridge, Mayfair, Chelsea and Kensington areas which are notoriously known for containing very expensive properties but unfortunately with short leases. Getting finance for short Leases and lease extensions … [Read more...]
Getting finance for converting a large property into self-contained flats
I want to buy a large property and convert it into self-contained flats and need a mortgage or finance? House to flat conversion Finance one or multiple leases on the property do you have anyone that can fund this? I know the answer to these questions as I receive calls on this at regular intervals. There are an increasing number of savvy Landlords that have cottoned onto this concept. … [Read more...]
How Much Does Bridging Finance Cost
I want the cheapest bridging finance but am not sure how it all works with the rates and other costs. Bridging Interest Rates The interest rates on bridging finance are charged on a ‘monthly’ basis rather than an ‘annual’ basis that is associated with most credit. The bridging rates typically range from 0.75% to 1.45% for residential bridges, and 1% to 1.95% on buy-to-lets or houses in multiple … [Read more...]
Property Development Finance 100% of Build Costs
100% of Build Costs On Day One Property Development Finance is not always stright forward, If you have had experience in obtaining development business you will have encountered phrases such as ‘lend against open market value’ and ‘based on a 90 day valuation’. This is jargon associated with the maximum a suitor is prepared to lend against. It is not uncommon for the lender to restrict the … [Read more...]
Auction Finance for Property – How to choose the right provider and complete on the deal fast
Looking to buy a Property in a Auction but want to know how much you can borrow and how you can complete in less then 30 days. One of the most fundamental things you need to put in place before you go to a property auction is finance as most auctions will require you to complete on a purchase within 30 days. Below I discuss the pitfalls of using conventional mortgages for auction finance and … [Read more...]
HMO bridging finance for first time buyer buy to let landlords
n the recession Entrepreneurs are getting more adept and maximising property opportunities as capital is king right now. One of the principle methods they are using is the division of rooms within a house for multiple tenants. So if you are thinking of buying a buy-to-let for the first time Houses In Multiple Occupation (HMOs) might just be the place for you to start. Niche Advice has recently … [Read more...]