Short Lease Finance

Short Lease Finance

Short Lease Finance - Short lease finance refers to finance for a short lease property with no more than seventy years remaining on the leasehold. This type of property carries a higher level of risk than longer leases as the lease must be renewed at its end to avoid eviction from the property. In addition the value of the property may decrease significantly between purchase and sale. As a result, short lease finance may be upon condition that the lease is renewed within a set period of time. Fortunately, if a price for the new lease cannot be agreed, there is an independent arbiter in place who will specify an amount, corresponding to a fair market value. As a result, a short lease may not be as great a risk as it first appears and can sometimes represent excel lent value for money.

Shorter leases of less than thirty years do represent greater risks but may also offer the opportunity to speculate on future value. Short lease finance for a term of under thirty years may be substantially different to standard mortgages and specify repayment within a shorter period. However, since especially short leases can be substantially less expensive, this is not necessarily a problem.

Our clients have a variety of short lease finance needs. With a broad range of short lease finance products over various lease lengths, it can be complex understanding which package offers the best value for money. Our advisers have expert knowledge of short lease finance and this allows us to untangle the available deals and find you the optimum product for your short lease purchase. As short lease finance is generally only available from niche providers, our well established relationships with brokers helps us negotiate great deals. We also have excellent contacts in the mainstream mortgage market for situations in which they have suitable packages.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquire Online.

Looking for short lease finance? For premium advice, call our specialist brokers today.

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