Increasing tenant demand means landlords won’t want to be left behind in 2015
Date online: 12/03/2015
This is powered by the ever-growing demand for rental property, with high house prices and tougher restrictions on mortgages squeezing many first-time and would-be buyers out of the market.
With many landlords achieving high yields over the last year, there is a feeling of bullishness about the next twelve months. Also, four in ten UK landlords are planning to raise rents to take advantage of a booming pool of tenants. Unfortunately, there will be some landlords who will be left behind due to a lack of finance and ready cash.
This is where Suite Loans can help. We provide an asset finance service where we can offer you money within 24 hours. To do this, we offer you a secure loan against your own personal assets. Loans range from £1,000-£1m and there are no credit checks or early repayment fees involved.
We also provide bridging loans, helping to facilitate property purchases that wouldn’t otherwise have been possible at such short notice. We deal in all types of property – residential, commercial and development – and have access to mainstream and private funders to satisfy every bridging requirement.
Our rates are very competitive and the loans quick to arrange and equity based. As a responsible lender, we require a property valuation and a legal report undertaken by our panel of professional surveyors and solicitors before issuing funds.
Additionally, we use our many years of experience in the finance industry to aid those with cash flow issues and those looking to finance extensive home improvements – both of which could be important considerations for aspiring landlords or landlords that are looking to increase their portfolio. You can borrow from £5,000 to £500,000, with payment terms that are flexible and tailored to your needs.
Keith Aldridge, Managing Director of Capital Bridging Finance, said of Suite Loans: “Capital would certainly recommend the people at Suite to clients who want a bespoke solution to their bridging needs, provided by a dedicated team who know the market inside out.”
“Suite are very good at working with lenders on arranging the vital exit routes for the repayment of the bridging facility a priority need for client and lender.”