Contact Short Lease Mortgages to Get Expert Help

People opt for loans for various purposes either from banks or any lender. There are various types of loans for different purposes. When you apply for a loan of a certain amount the bank or the lender asks you to mortgage any of your property whose value is more than or equivalent to the sum you want to borrow. Now a day’s people generally apply for short lease mortgages which are mortgages on the properties on which the lease is defined to a certain, relatively shorter duration. Purchasing any kind of property through a mortgage where the leasehold is held by a separate party like in many blocks of flat has many complications which make short lease mortgages a specialist area of the mortgage market.

Expert Advice by Short Lease Mortgages

Most of the people have this misconception that the properties with short lease are difficult to finance especially after they talk to the bank to arrange finance. People don’t have much idea about this and if in you are in need of short lease mortgages you can contact number of good shortlease mortgage London companies who can help you out in this matter. Short Lease Mortgages is an excellent company run by experienced independent mortgage brokers of London. They have their own website from which you will get some clarity on the current lending criteria for short lease mortgages and loans.

You may consider short lease property as an investment or home for few good reasons. Buying a short lease property may be cheaper than renting in many areas of London. Significant gains can be made on the short lease properties where the cost to extend the lease is known during the purchasing time and even the value of the property once the lease is extended. Their panel of lenders is extensive and includes lenders like high street banks, building societies, private banks, and independent lenders. They even help you to get instant finances out of those properties with short lease normally within 3-10 days from application to release of funds.

Types of Short Lease Mortgages Available

The lenders associated with them have policies for mortgage short lease that falls in three different categories. Ultra Short Lease Mortgages that is for 3 to 25 years at the starting of mortgage term having up to 70% of loan value and only applicable for Central London properties. Short Lease Mortgages with minimum 10 years left at the end of the term having up to 85% of loan value and only applicable for Central London properties, Short Lease Mortgages with minimum 25 years left at the end of the term and having up to 85% of loan value without any restrictions on locations. If you need any kind of help regarding short lease mortgages you can contact them and get your work done.