Short Lease Mortgages

This is one of our specialist areas of finance. A short lease property bought with short lease finance can provide very large capital gains in a very short space of time. Typically some of the properties available on short leases are in London’s most desirable areas and make excellent rental investments both long and short term.

Recent changes in property law allow borrowers (individuals or companies) to apply for an extension to a short lease as long as they have owned a property for at least two years. An extension to a short lease is not without cost, and the cost can be considerably depending on the value of the property and the length of the current lease.

We have excellent relationships with lenders and surveyors that specialise in short lease properties.

Short Lease Mortgage Lending Criteria – Updated June 2009

Don’t bank on just High Street lenders offering to lend on these types of properties, normally they don’t.

We do have a number of Banks that have no problem with lending on properties in Central London that have short leases. Here is some general criteria;  

• Full status loans only, income needs to be proved.
• As long as it is affordable the lease can be as short as 3 years
• Rates from 1.5% above Libor
• Personal and Company borrowing available
• Expat lending acceptable
• Non UK residents acceptable

For a free face to face meeting with a specialist mortgage consultant please call us on 0203 236 1003.