Short Lease

Short Lease On A Property

Short Lease On A Property - Short lease on a property refers to a lease on a property which is short and due for renewal in less than 70 years. Those looking to obtain a mortgage on a property with a short lease may find it increasingly difficult to do so. This is because the less time remaining on the lease the less value of the property. For this reason mortgages on short lease on a property will not consider leases below 30 years due to the risks involved. Those seeking a mortgage for a short lease on a property, particularly below 30 years, may need to use niche lenders.

As a short lease mortgage broker we understand how a short lease on a property can affect the chances of a securing a successful mortgage package.

With our expertise and understanding of lenders and their criteria, we are able to give you the advice and assistance you may require regarding mortgaging your short lease on a property. We offer a personalised and holistic service that will respond to your individual needs and requirements to help secure the right mortgage deal for you in relation to the short lease

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

If you are looking to obtain a mortgage or have a short lease on a property, contact a member of our advisory team today.

Short Lease Property

Short Lease Property - Short lease property mortgage is a mortgage package designed for a property with a lease of less than 70 years. Lenders may often be willing to offer short lease property mortgages for properties with over 30 years left on the least, but it is at their own discretion. Any property with a lease of less than 30 years is likely to go down in value and pose a greater risk to lenders offering short lease property packages. If this is the case, mortgage providers’ will carry out an in- depth assessment to determine the likely future depreciation of the property. They are generally only likely to provide a mortgage for a lease of less than 30 years for properties in certain areas.

As a mortgage broker specialising in short lease property mortgages we understand the risks involved with short lease properties and the problems you may face obtaining a mortgage. We can offer you professional advice and assistance to find a deal compatible with your needs and requirements. Our expertise and links to existing short lease property mortgage lenders enables us to access some of the best packages available. Our personalised, holistic service will help us find the right deal for you as an individual.

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

Call our advisers regarding your short lease property today. We look forward to taking your call.

Short Lease Property Mortgages

Short Lease Property Mortgages – Short lease property mortgages are obtainable when purchasing properties with a lease of around 70 years or less. A short lease property is common in some affluent parts of Britain including very expensive residential estates like the Grosvenor and Cadogan estates.

Purchasing short lease properties can be a cost effective purchase as it would normally be sold at a relatively lower price than that of a property with a longer lease. However, the fewer remaining years on the lease, the more difficult it may be to obtain a standard mortgage as most high street lenders need the lease to run at least 30 years at the end of the mortgage term. This is because such properties tend to depreciate in value as the short lease runs out, rendering such properties less marketable.

With laws introduced allowing short lease holders to apply for a leasehold extension, short lease property mortgages can now be obtained from a range of providers. Short lease property mortgages is a specialist area of mortgage lending and one of our specialist advisers at Capital Fortune who understands the complexities of this area is available to assist you with your application.

Our Capital Fortune advisers are aware that short lease property mortgages options are numerous both for the potential purchaser and those seeking refinance to extend their short lease. We will therefore undertake a fact find to ascertain your needs and requirements for short lease property mortgages and provide you with a mortgage most suitable and affordable for you.

Call our mortgage broker team now on 020 77 100 400 or complete the Mortgage Enquiry Online. As part of our service, we will call you back.

Short Leasehold Property

Short Leasehold Property - Short leasehold property refers to property sought by individuals to be purchased with a short lease. A short leasehold property may be obtained for a variety of reasons. For example, one when purchasing a short leasehold property will often purchase the land at a cheaper price than they would have the property had a longer lease. However, unless the property is purely for investment purposes, the key to purchasing a short leasehold property is the ability to apply for and be able to obtain a leasehold extension for the particular property.

Due to the risk associated with purchasing a short leasehold property, many lenders throughout the UK may be unwilling to lend to clients purchasing a property with a lease of less that 30-40 years. Since the credit crunch, many mainstream lenders have been more reluctant to lend to all individuals and this includes those seeking short leasehold property solutions. Many clients in the short leasehold property market will often require the services of a private provider of short leasehold property finance.

Using our comprehensive panel international base, our short lease property specialist brokers are experts in placing our clients with the right lender at the right rate but importantly at the right time. Short leasehold property solutions often require a bespoke banking service and customised rates will often be offered to individuals. Using our expertise in the industry, we will be able to guide you throughout your application from initial enquiries until the completion of your short leasehold property transaction. It is our role to gain you the optimum financial result.

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

Call us today. Our short leasehold property advisers look forward to taking your call.

Short Property Lease

Short Property Lease - Short property lease mortgages are becoming increasingly difficult to obtain in the current economic climate. Throughout the UK, many banks and building societies are increasingly reluctant to lend to individuals for mortgages including short lease mortgages. However, these providers are seemingly even more unwilling to lend to those seeking short property lease finance as they are perceived by many to pose a greater risk. Nevertheless, for the right client, short property lease packages can be obtained at cost effective and affordable rates.

Many lenders offering short property lease finance solutions may offer clients a rate in which the mortgage has to be paid off within a short period of time. However, if a lease is renewed by the individual after the purchasing of the property, a more favourable remortgage rate can be obtained. Purchasing a short property lease mortgage can be risky for individuals though there are considerable benefits if one is financially astute.

Using our comprehensive panel mortgage base, our specialist brokers are experts in the short property lease mortgage market. We offer a personalised and holistic service to all clients seeking short property solutions as we seek to obtain the most suitable and affordable financial package available for them. We will speedily advise all clients whether a UK or international bank, private lender specialising in short property lease mortgages, or a local building society will be best equipped for your specific application. Aware of your time constraints, our team will also complete all the necessary documentation required to secure your short property lease mortgage transaction.

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

Seeking short property lease mortgage advice? Contact our specialist team today.

Short-Lease Mortgage

 

Short-Lease Mortgage - Short-lease mortgage refers to mortgages sought by individuals when purchasing a property with a short lease timeframe. A short-lease mortgage will often be taken out on a property with less than 70 years remaining though a bespoke banking service is often required for a property with less than 30 years remaining on the lease. We offer a holistic and personalised service to all clients seeking short-lease mortgage solutions. Using our comprehensive panel short-lease mortgage base, we can increase your chances of a successful application, finding packages not available to individuals on the open market.

The lower the remaining years on the property, the more difficult it potentially becomes to obtain a suitable and affordable short-lease mortgage. The longer the lease traditionally on a property, the more keen mainstream lenders will be to offer a mortgage solution. However, there are many private and international providers who can provide short-lease mortgage deals at favourable rates for clients in the short term. A short-lease mortgage can still be obtained for the right client.

A short-lease mortgage is a specialist area of mortgage lending and one of our specialist short-lease mortgage brokers who understands the complexities of this area will deal with your individual application from enquiry until completion. We will quickly advise which provider will be most suited to your individual needs and circumstances before completing all the critical documentation associated with your application in order to secure a successful transaction.

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

Our short-lease mortgage advisers await your call. Contact us today.

 

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