Sunday 2 March 2014

Bridging Lender Creates Conveyancing Panel for London Lease Extensions

Bridging packager Voltaire has just released a lease extension product for properties in London requiring a loan at a minimum of half a million pounds. 

The unique offering is part of a joint venture whereby the borrower is obliged to use the experts on the lender’s surveyor and conveyancing panel.

In an interview with online magazine, Voltaire director Andrew Hosford said: 
"We have been approached by a number of clients requiring finance for extending leases or purchasing property with short leases, with a view to extending. The structure for this is complicated and we decided that pulling together a 'dream team' of lender, solicitor and surveyor was the best way to efficiently assist our clients.
The firms that we have partnered up for this lease extension product are the best in the business and we are delighted to be working along-side them on what is clearly a high demand area, particularly in prime London."

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