Richard Butler Creagh Shares how to use bridging finance 

Welcome to the Richard Butler Creagh blog. This is one of the ways by which a company can secure financial liquidity when spending large sums of cash on investments that can contribute to the development of its operations, increase its market and transactional value. Bridging financing is a form of assistance offered by financial institutions, banks or enterprises that enables full implementation of the assumed plans between the period of investment financing and its refunding.

Richard Butler Creagh Tips to Car Investment

Welcome to the Richard Butler Creagh blog. Richard Butler Creagh specialized in working for developers, auto loans and refurbishing properties to prepare them for the market. Here we share car tips that are extremely helpful for financing vehicle purchases. Read on to find out more.

The electric car revolution is changing the scenery when it comes to purchasing a car. The new emissions zone in London makes electric cars more appealing. Is the investment in a car, also classic, a good idea in such a situation? Many of old classic cars especially those who are limited edition have been rising in value. Similarly, new limited edition cars are rising in value the minute they are launched. Therefore, is worth looking at vehicles as a means of investment.

As with any investments knowledge and expertise is everything. It is difficult to say which vehicle will rise in value. You always have to consider the case individually because each car is different. Surely, you can not accept that it is only because of the fact that the car is old, it is also worth a lot at once. This is one of the most often mistakes made by investors. If you want to determine the value of a car, you need to consider a million factors: the history of the car, the history of the vehicle, how many pieces were produced, what was the car, which company, who it was produced for, and later the degree of originality, the degree of restoration.

Being passionate is a big factor when looking at investing. Many people in this business do not look at this type of “work”, it is more of a type of hobby, an expensive one. Each car is different and has completely different characteristics. It is impossible to compare t Rolls Royce to a Miata. They have completely different characters, but each one is somehow special.

Investing in classic cars one of the best ways, instead of a few stones in the safe, you can ride this car when the weather is beautiful and in this way, you can experience something completely different. It’s like moving to an era of the past.

Prices of cars from an investment perspective differ. In this business, you have to have money to make money. The entrance to this market requires significant capital.  You always have to consider the case individually because each car is different. Surely, you can not accept that it is only because of the fact that the car is old, it is also worth a lot at once. This is one of the most often mistakes made by investors. If you want to determine the value of a car, you need to consider a million factors: the history of the car, the history of the vehicle, how many pieces were produced, what was the car, which company, who it was produced for, and later the degree of originality, the degree of restoration.

Richard Butler Creagh is highly familiar with the financial market and can help tailor an investment approach designed to benefit from this opportunity. To ensure that your next purchase is the best investment available, read more about the Richard Butler Creagh on his official website here. Check out Henley Finance and it services here. Read about Richard Butler Creagh work and career here.

Richard Butler Creagh Tips in Property Investment

Welcome to the Richard Butler Creagh property blog.  Here we share golden tips to consider before taking the plunge into property investment. Richard Butler Creagh is the founder of Henley Finance which was established in 2013 and it is a short-term bridging finance company specializing in loans between three months to a year, of between £100,000 to £1,000,000 for the professional property developer. Read on to find more tips before buying that first rental property.

As a property investor it is important to decide on whether to invest time to build houses or flats. In recent years the market in London has changed. There is more demand for flats than houses in London and in fact, is often harder to sell a residential house than a flat. There is a misconception that flats on long leases are to be handed over to after it expires, yet years spent in industry has shown that it is extremely easy to renew the lease with the landlord. Thus, theoretically, the temporary purchase can be permanent in practice.

In densely populated areas flats are more economically viable options. Often old houses which predominately are large have been converted to flats due to profitability associated with it. Large houses are popular among investors due to the ability of conversion into flats. Conversion of a 5 bedroom house into 2/3 flats often yields a substantial return on the investment. This is the main reason why some of the houses become expensive and also in limited quantities.

The sociological factors of changing today’s society are the main cause of the change in housing habits. Houses today are not passed from one generation to the next. Those are more like accommodation for the family which changes on a remortgage. Further, only one or two generations live together i.e. parents and their children. Big houses are not needed to accommodate today’s average family and flats are better suited for this purpose.

The cheaper prices when buying flats mean that the potential investor can build the portfolio quicker. However, the financial instruments tend to require a lower Loan to Value (LTV) due to complications with the types of flats. The leasehold creates time constraints, especially if a mortgage will be 25 years. The LTV will be calculated by deducting the length of the mortgage from the leasehold.

Another limitation of flats is that the flats subject to the consent of the freeholder. This can prolong any work that needs to be carried out and create unnecessary hurdles for investment. Further, issues arise when the flats are part of a large block of flats the neighbors disapprove of the works. Houses enable freedom of investment and most importantly it is one of cost without having to increase the lease before it runs out at a significant cost.

Ultimately an investor is going to look at the yield compared with the investment. The cheaper flats are often attractive to new investors because of the low entry level however an inexperienced investor may fall into may legal traps. There is no perfect answer, however, it is good practice to consider the area and the potential mortgage costs as it may differ from leasehold to freehold.

Richard Butler Creagh is a financial consultant and founded Henley Finance in 2013. After a successful career in property development, he understood the needs of the professional and their requirements in short-term bridging finance and devised a way that they could be better met in Henley Finance. Find out more about property financing on the Richard Butler Creagh official website. Follow Richard Butler Creagh on his official Twitter page here and read Richard Butler Creagh news and updates here.

Richard Butler Creagh on Building Social Value in Development Projects

Welcome to the Richard Butler Creagh blog. Richard Butler-Creagh owns Henley Finance which is a short-term bridging finance company specializing in loans for the professional property developer. Here is the reason why social value should be the heart of your development projects.

A sustainable economy is a key goal for the UK. The government has developed a clean growth strategy, which means boosting national income while also cutting greenhouse gases.

This year they have set regulatory changes at property investors. The government believes they are creating a good playing field between homeowners and landlords by putting up taxes and hiking up legislative loads on property investors. This move can have large detrimental effects on the supply of rental housings in the UK. Richard Butler Creagh and other property investors are widely aware that property still offers significantly higher returns than other investment choices which means many are still nurturing their portfolios while others can join the property market for the first time.

If you are a property investor, here are two major upcoming rental rules that you must prepare for:

Letting agent fee ban

 The “Tenants’ Fees Bill” is expected to be laid out before the end of this year, explaining which fees will not be allowed. It is widely known by many in the industry that landlords may instead incur these fees, as letting agents look at some other ways to make their money. Landlords may now discard their letting agents together and decide to manage their properties alone. While this works for some of those who can manage their lettings business full-time, others may not have sufficient time to comply with their duties as a landlord. But it will be the tenants that will bear the brunt of this changes in one way or the other despite it being enforced to protect them from higher rates.

Tenancy deposit cap

Most of the property investors and landlords take deposits from tenants at the start of a tenancy. This is to cover any costs for loss and damage to the property while the tenants are living in their properties. In another attempt to prevent tenants from incurring large expenses when they move to rental properties, the government has proposed a cap on security deposits. Having this law means that landlords will only be able to take up one month rent as a security deposit from the tenants when they move in. This may seem good news to tenants but it can result in many finding it more difficult to find a suitable rental property. A good example is landlords often require a more expensive deposit from risky tenants like those with pets and families with children. If they are not allowed to do this, they may decide to not let those tenants rent their properties at all.

Being aware of these incoming changes to rental rules is important for property investors in today’s market. A good property investor must understand the changes identified above and put certain measures in place to start preparing them sooner to avoid being caught. If you need a loan to purchase a buy-to-let property, contact Henley Finance. Visit the official website of Richard Butler Creagh here. Follow the Richard Butler Creagh Twitter page for the latest news on bridging finance and watch this video to find out more.

Your 30s are filled with milestones and life-changing experiences. It’s a time when the things you learn start to become habits and when financial decisions can either lead you to great success or become a problem for you in the future. It would be great to have perfect planning so that you will know the best decision to make in every situation.

Here are some tips to avoid those financial mistakes:

Living on credit cards

Be grateful if you have not gotten deep into debt, and avoid it like it is a virus. Living on your credit cards is a desperate game to play with your finances. At some point, you have to pay for your purchases, and that usually means using all the savings you have saved. If you have already exhausted your savings, you may start the cycle of missing payments and opening new credit card accounts. Living on your credit cards will only lead you to live paycheck to paycheck, which is a very difficult habit to break once established. Left unnoticed, this practice will ultimately destroy your credit score as well.

Failing to set financial goals

 If you never stop to think about what you would like to accomplish in five or 10 years, it is likely that you won’t accomplish anything by the end of that period. The very act of identifying and setting financial goals for yourself in your life clarifies your choices and helps you naturally focus on ways to reach your goals. Failing to set financial goals can create pressure later on as you realize that you have to work harder to make any sort of progress towards what you want in life.

Not contributing to your retirement

 One of the most crucial mistakes you can make is not to save for your retirement as early as possible. It is easy to think that retirement is too far away and that you should be saving for more immediate goals like getting a car. You must start saving for retirement when you land your first job. If you don’t have the discipline to save for retirement, you may end up spending your entire salary and not saving for a car or anything else either. This is a difficult mistake to recover from that could cost you so much or more in the long run.

The best thing about being young is that time is on your side. You can recover from money mistakes more easily and enjoy a bright future, but making good financial decisions starts with learning about money and being willing to take responsibility for your own financial success.

Read more Richard Butler Creagh on his official website here, learn more about Bridging and Commercial app here and connect with Richard Butler Creagh  Linkedin page here.

Watch Richard Butler Creagh video here:

How to Save Money Wisely

Richard Butler-Creagh | Personal Profile

Richard started his career the building industry. He ran his own company called Butler-Creagh Refurbishments, specialising in working for developers and refurbishing their properties to prepare them for the market. This provided him with an insight into the potential in the property market in the UK.

In 1985, Richard Butler Creagh took an interest in the London real estate market and began to research the process of buying, selling and managing properties. He studied and mastered the financial process of property developing making important connections in the industry along the way
.
He then gradually started buying properties to renovate and sell on. He would use bridging finance to purchase them, put them onto long term finance and then let them. This way he built up a portfolio of twenty-seven properties in and around Central London.  He is a consultant and a major shareholder at Mainstream Commercial Finance Ltd., which has been in business since 2006.

Richard Butler Creagh came to understand the bridging sector and long-term finance sector and recognised a gap in the market for a bridging finance company that had their own in house valuation people and underwriters. This would enable the company to be able to assess the project in its entirety and also provide the necessary funding as fast as possible. This is because they do not have to rely on outside valuation.

He understood the needs of the property developer and the requirements for short-term finance. He founded m Henley Finance in 2013 in order to provide this service to others. Henley Finance Ltd is a specialist lender providing bespoke short and medium-term funding solutions aimed at the property market. This includes loans for both commercial and residential properties. Henley Finance specialise in providing loans between ranging from three months to a year, of between £100,000 to £1,000,000.

To get in touch with Richard, visit the Richard Butler Creagh website. You can also connect with Richard Butler Creagh on Crunchbase. Watch this video to find out more about Henley Finance.

Types of Investors and Investment for Businesses

About Richard Butler- Creagh 

Richard Butler-Creagh has been in the bridging lending business for many years. He became involved with this sector through his experiences in buying and selling his own properties. He soon realised that the most important part of this process was to be able to have the availability of good financing.