The services provided by Henley Finance are specifically designed to meet the needs of various property investors and developers as well as commercial clients.
As a lender, Henley Finance offers high-quality bridging finance products for a variety of different services. This lender is adaptable and is able to work within many of the demanding circumstances associated with short-term secured finance; Henley Finance is built on a deep foundation of experience within the property development and short-term finance industry, and the lender’s experience from both sides of the industry has helped shape Henley Finance into a bridging provider that truly caters for their clients’ needs.
Formed by Richard Butler-Creagh in response to the needs of the market, Henley Finance works to provide the solutions that the industry is crying out for; a flexible, fast-moving, professional lender that knows what its clients need. Henley Finance is accountable and relies on a personal approach to ensure quality in everything it does - the lender aims to attend the site of any central England location within 24 hours of an application being submitted. This commitment to a personal approach has seen Henley Finance go from strength to strength since its founding in 2013, and has enabled it to develop a strong customer base; a third of Henley Finance’s loans are made to returning customers, demonstrating the potency of the lender’s abilities to deliver results.
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A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Commercial bridging loans are, as their name implies, bridging loans that are secured against commercial property.
There are many ways in which businesses can use a commercial bridging loan. Common uses are to cover short-term cashflow issues or to finance tax liabilities. More positively they can be used as working capital and by new businesses as a cashflow injection to acquire additional stock or even to acquire new equipment or premises for the business. Beyond these examples there are a huge variety of ways in which commercial bridging loans can be used.
To qualify for a commercial bridging loan the overall use of the property being used as collateral will need to be at least 40% commercial. For example, if the property is a rental unit with a flat above the commercial part of the property would have to represent more than 40% of the total property. Furthermore, most lenders would also insist on a separate entrance to the flat.
Yes. They can be a great tool for landlords who want to do renovations on their properties to improve rental yields. The value of the properties will also reflect these property improvements and make it easier for the landlord to refinance them onto competitive Buy-to-Let (BTL) mortgages and clear any bridging. Like residential bridging, commercial loans can also be useful when a property chain is broken.