Loan of the Month – Jan 23

Our big project of the month! This was our fifth time working with this borrower, who approached us for funds to purchase a 2-bed flat in a prime location. He already owns three flats with garages within the block.

Properties with short leases can be troublesome for buyers as  lending company will not consider lending on properties with less than 35 years left on the lease because the value of the property will begin to drop the closer the property gets to the end of the lease, dramatically in the latter stages. Knowing the borrower, he has significant experience in property with short leases. We are comfortable proceeding as the developer has a strong asset position.

With that in mind, if you have any bridging or development enquiries, you can get in touch with us today by filling in your information below, and we’ll get back to you within 24 hours. We look forward to hearing from you!