Page 101 - The Index
P. 101

                 Specialism/USP Development finance loans up to £50m
  Charges 1st
  Funding Shareholder funded
  FCA Regulated No
  Interest Range Bridging from 0.6% pcm, development finance from 7.5% pa
  Base Rate N/A
  Security Types Residential, commercial, investment, development
  Unacceptable Security Types Owner-occupied property
  Treatment of Interest Typically rolled
  Max LTV 70%
  Max Loan to GDV 70%
  Max Loan to Cost 90%
  Min/Max Loan Term Up to 36 months
  Min/Max Loan Size £1m-£50m
  Geographical Lending Area England and Wales
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed No (so long as existing habitable structure exists)
  Commission Rate Negotiable
  Associations FIBA, BPF
  Upfront fees 1% in fee
  Early Redemption Charges Minimum interest charges on a case-by-case basis (typically a % of the total estimated interest owing)
  Investment Yes
  Owner-occupied No
  Interest-only Options N/A
  The Index | 101

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