Research has found that over half of landlords are hoping to increase their property portfolios this year. This is driven by the strong demand for rental property, as house prices stay high and restrictions on mortgages are pushing many first time buyers from the market.
Landlords have therefore achieved high returns in the past year, and they are confident about the next twelve months. Furthermore, four in ten landlords plan to increase rents, to take advantage of the high quantity of tenants.1
Naturally, there will be some landlords who will not be able to reach these yields, due to a lack of finance and ready cash.
In these situations, there are loan companies that can help. Suite Loans, for example, offer an asset finance service, in which money can be agreed within 24 hours. They offer a secure loan against person assets, and loans range from £1,000-£1m. There are no credit checks or early repayment fees.
Suite Loans can also provide bridging loans, which help to enable property purchases that would not be possible otherwise. They deal with every property type, including residential, commercial, and development. They also have access to mainstream and private funders.
Suite Loans’ rates are very competitive and are quick to arrange. They are also equity based. They require a property valuation and legal report by their panel of professional surveyors and solicitors, before funds are delivered.
Suite Loans can also help with cash flow issues and finance large-scale home improvements. Landlords can borrow from £5,000-£500,000, with flexible and tailored payment terms.
Managing Director of Capital Bridging Finance, Keith Aldridge, says 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.”1
For more information, visit http://suiteloans.co.uk.