fbpx

Mortgage Advice Experts

Menu
  • Home
  • Videos
  • Mortgage Calculators
  • Residential
    • Mortgage Deals
    • First Time Buyer
    • Remortgage
    • Right to Buy Mortgage
    • Bad Credit Mortgage
    • Self Employed
    • High Income Multiple
    • Help To Buy Mortgage
    • Gifted Deposit
    • Foreign Nationals
    • Debt Consolidation
    • Equity Release
    • Close
  • Buy to Let
    • Buy to Let Mortgage Deals
    • Buy to Let Tips
    • BTL 80% Loan to value
    • Buy to let Remortgage
    • Let to Buy
    • HMOs
    • Buy to Let with Bad Credit
    • Limited Company
    • Portfolios
    • Holiday Lets
    • Ex Pats
    • Rent to Family Memeber
    • DSS Tenants
    • Into Retirement
    • Foreign Nationals
    • Inherited Property
    • Close
  • Bridging Loans
    • Commercial Mortgage Tips
    • Bridging Loans Explained
    • Why use Bridging Finance
    • Bridging Finance Rates
    • Auction Finance
    • Auction Finance Rates
    • Non Standard Commercials
    • Development Finance
    • Close
  • Protection
    • Will Writing Service
    • Probate Services
    • Close
  • Testimonials
  • About Us
    • Why Niche Advice
    • Our Fees
    • Testimonials
    • Blog
    • Join our Team
    • Privacy Notice
    • Terms and Conditions
    • Close
  • Contact Us
You are here: Home / Bridging Loans / Finance for Lease Extensions

by Payam Azadi

Finance for Lease Extensions

buy to let Mortgage Broker

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 appears to be a major issue in and around Central London as traditional mortgage lenders tend to insist on a minimum lease period of 50 years after the mortgage term has expired before they will lend.

The good news this if you’re reading this article then the chances are that you are an owner of one of those properties, first of all may I congratulate you on a successful investment strategy as many of the properties within those areas have seen an increase of up to 50% value appreciation, even during these tough times. This is mainly caused by the influx of wealthy overseas investors who have the money and nouse to steal in on these opportunities.

The main issue that surfaces is the length of lease which is often shorter than twenty years. Extensions are availably but costly. Many astute property developers have got very good long-standing commercial arrangements with lenders but this also means that the lenders have taken charges on their property so refinancing a couple of million pounds worth of properties does not represent a good option when you’re playing 3% interest rate.

Securing a second charge short-term finance across the equity in the portfolio could be the answer if the intention is for on-ward sell once the lease has been extended. Alternatively, you may look at a particular property within the portfolio, and refinance that in isolation, so the majority of properties remain on good rates.

A Niche we help you get Finance for Lease Extensions or home conversions and have a proven track record in this sector being based at the heart of London in Victoria.

If you are a professional landlords beneath access to Finance for Lease Extensions please contact us on (020) 7993 2044 or alternatively complete the enquiry form on the right-hand side of this page.

Payam Azadi is a partner at Niche Advice Ltd who are Independent Financial and Mortgage Advisers in London.

mortgage broker fees

Payam Azadi

Author: Payam Azadi

Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.

Twitter Facebook Linkedin

Filed Under: Bridging Loans Tagged With: Central London Lease, Finance for Lease Extensions, Getting finance for short Leases and, Kensington Lease Extension, Knightsbridge Lease Extension, Lease Extensions london, Mayfair Lease Extension, Mortgage for a Lease Extension, mortgage for Lease Extensions, Securing a second charge short-term finance, Victoria Lease Extension

Bridging Finance Dangers in 2020

https://youtu.be/okMrRFZdnhM

Contact Us

Payam Azadi

BRRR 85% LTV bridging loan for property refurbishment

BRRR Finance Refurb Projects to 85% LTV bridging on day 1 May be excitement and refurb finance don’t naturally gel together but this 85% Loan to Value bridging Loan product could be the one to … [Read More...]

BRRR 85% LTV bridging loan for property refurbishment

Bridging Loan Rolled Up Interest or Serviced?

Bridging Loan – 2020 Commonly Asked Questions

Is Bridging Finance faster than a mortgage

Bridging loan extension without a broker fee

no upfront broker fees
AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Number: 750263.

Commercial Buy-to-Let and commercial mortgages are not regulated by the Financial Conduct Authority.

Our Fees

Click here for our fees structure. A full detailed fee plan will accompany all our quotes.

Niche Advice Limited has a commercial arrangement under an affiliate programme with Check My File and is remunerated for referrals.

Terms and Conditions

If you wish to register a complaint, please write to us on the details below or call us on: 020 7993 2044.

Correspondence Address: Niche, Unit F6, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234567.

Site Terms and Conditions
Customer Privacy Notice

niche youtube

CONTACT NICHE ADVICE
Tel: 020 7993 2044

Registered Office: Niche, Unit F3, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG. Registered in England & Wales. Company registration number: 06599033.

Members of The Financial Intermediary & Broker Association - Number SBS36389

logo

© 2022 · Niche Advice Limited · Site Designed by Niche Advice Design Team

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}