Richard Butler Creagh  Shares Things to Consider Before Taking Out a Bridging Loan

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh has been in the bridging lending business for many years. Before talking to an expert about your requirements for bridging finance, there are a few other factors to consider. Essentially, bridging loans are designed to be a route to raise money quickly and, as such, should be thought over carefully. Consider these points before applying for your bridging loan:
Understand what is available. When looking to take out a bridging loan, especially for the first time, it is important that you understand how the loan works and what the likely costs are.

Consider how you will repay before taking it out. When selecting the term of your bridging loan, it is easy to go for the shortest possible time frame in an attempt to reduce the amount of interest paid or maximize the net loan. If the loan term ends and you are unable to pay it back as agreed, you will be in default of the loan and may well be penalized financially.

Choosing the right solicitor. Picking the right solicitor is crucial to ensuring the loan completes on time and without issue. Your solicitor will act as the sole liaison between the lender and yourself when it comes to your understanding of the legal terms of the loan. With this in mind, it is advisable that your solicitor is well versed in dealing with bridging loans.

Bridging loans are a great option if you need to move quickly to buy a property. Like any other home loan though, it’s not a debt to be taken on lightly and it pays to speak to a professional mortgage broker so they can provide the right recommendations to you. Whether you are a first home buyer or a sophisticated investor we can assist with a detailed, tailored approach to your investment finance.
Contact Richard Butler-Creagh on the Henley Finance website. Read more about Richard Butler Creagh online here. Like the official Richard Butler Creagh facebook page here and keep up to date with the latest posts.

Richard Butler Creagh Shares How to Finance Property Development Project

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh has been in the bridging lending business for many years. If you’re a property developer, investor, or landlord, there’s a range of finance available to help you kick-start your next project. But even for experienced developers, the alternative lending market can feel large and complex. In today's post, we’ll run through some of the things to think about so you can make the right financial choices.

Commercial Mortgages. Commercial mortgages can be used to purchase commercial property. They work the same way as private mortgages, helping you spread the cost of a large purchase over time. A typical example could be an architect who wants to buy the building where he practices, instead of paying large amounts of rent, he would prefer to own the property, but can’t afford to pay for it outright.

Auction finance. Auctions can be a quick way to get a property at a discounted price, and there are lenders who specialize in auction finance. Once you’ve made the winning bid, auction houses usually require the funds within 28 days, which means you have to move fast to secure funding. There are also lenders who’ll give you finance before you attend an auction so you can arrive prepared with an 'agreement in principle'  this type of arrangement can be particularly useful for experienced and established developers.

Bridging finance. This can mean any short-term funding that helps pay for building and development costs. These two terms have significant overlap and might seem interchangeable, but there are differences between the two. The main thing that determines if you need bridging finance or development finance is how ‘heavy’ the project will be.

As you can see, property development is a complex area, especially when it comes to financing.  whether you’re buying your company’s premises, or growing your rental portfolio best first step to take when determining what type of finance you need is to assess how extensive the project is, how long it will take, and how much it is likely to cost — in both the best- and worst-case scenario. Contact Richard Butler-Creagh on the Henley Finance website. Learn more about the  Bridging and Commercial app here and follow Richard Butler Creagh on our Twitter page. Show your support online!

You can also watch this Henley Finance video here and see what we can offer you:

Richard Butler Creagh Shares Why Sustainable Lending is Gaining Traction

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh has been in the bridging lending business for many years.  A new generation of sustainability-linked loans is reshaping the market, putting more companies' green goals within reach. Green lending is changing the present financial scene, providing funding to a wide scope of corporates and boosting business to fabricate a progressive and sustainable future and it is continuing to gain traction.


Holistic Sustainability Assessment
Many early green loan structures proved too rigid.

Today's green loans are more holistic. Companies are typically offered "standard" pricing, built around normal risk and credit parameters. Specific key performance indicators (KPIs) are then added to the loan contract. Companies receive a discount as targets are reached. If targets are missed, they pay a premium.

Performance is reviewed by a third party organization and such loans are open to companies of sufficient size and financing requirements, providing they have suitable corporate social responsibility policies in place

Regulation
A recent report by Dutch regulator De Nederlandsche Bank warns of bubbles if regulation and oversight are not developed effectively. Maarten Vleeschhouwer and Henk Jan Reinders, two of its authors, are seeing how green criteria can be joined into oversight systems.

Maarten Vleeschhouwer likewise calls attention to the green supporting factors to bring down the total capital in Europe's banking system. Penalizing factors would do the opposite, making the banking system stronger.

Abb gives the example of a town wanting to switch to LED street lighting. The project could deliver lower emissions but comes with big up-front costs. If the financiers, council, and contractors work together before a deal is signed, they could install electric-vehicle charging points to the lampposts too, ensuring the project generates revenues to mitigate part of the cost.

"Banks can differentiate themselves by their ability to engage and advise their clients on developing impact-based business – in which positive impacts are not an externality but central to the business model itself," says Abb.

Learn more about Richard Butler Creagh, the founder of Henley Finance here. Read more about Henley Finance which is a bridging lender company that invests in UK property here

Watch this video about Henley Finance and what they can offer you:

Richard Butler Creagh shares the potential in the UK housing market

Welcome to the Richard Butler Creagh blog. With the Government preoccupied with the progressing Brexit dialogs with the European Union, the housing deficiency in the UK is turning into a more concerning issue. It is an immediate result of the chronic shortage of good quality housing being conveyed to take care of the developing demand and shifting demographics in the UK. The government’s government’s continued inaction on the housing issue has prompted the huge rise in house costs and leases in leading to the departure of youthful families and professionals from the capital to the regions.


Changing transport links have had a big impact on the housing landscape. 

Richard Butler Creagh on an affordable way for first-time buyers to get on the property ladder

Richard Butler Creagh Shares Pointers before Applying for a Bridging Loan

Richard Butler Creagh Shares Important Exit Strategy when Taking Advantage of Bridging Loans