Page 11 - Demo
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                                    Product types Bridging, light development and bridge to letCharges 1st Funding model Equity funded by FTSE listed firmFCA regulated NoInterest range Stepped: 0.59-0.69%; flat: 0.89 – 0.99%Fixed/variable interest FixedTreatment of interest & default interestRetained interest: 0.59 – 2%, applied case-by-caseSectors Residential, investment, commercial, semi-commercial, HMO and redevelopmentMax LTV 80%Max LTGDV 70%Max LTC 75%Min & max loan term 10–24monthsMin & max loan size £200,000–£10m netMin property value £100,000Valuation retypes YesRental calculations & exposure100% of pay rate on bridge to letGeographical lending areas England and WalesTypes of valuation accepted Internal valuation, Red Book and retypesNew builds YesHeavy Refurb YesGrade listed buildings YesGreen/Sustainable product NoPlanning permission needed NoCommission rate 1-2%Associations/Charters ASTL and FIBATypes of landlords accepted Ltd co, individual, first-time and portfolioUpfront fees NoBroker portal YesEarly redemption charges Yes, minimum of 3 monthsInvestment YesOwner occupied NoElectronic signatures accepted Case-by-caseLending on land NoLender Index | 11
                                
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