Page 85 - The Index
P. 85

         Specialism/USP Bridging finance
  Charges 1st, 2nd
  Funding Institutional
  FCA Regulated No
  Interest Range From 0.44% pcm
  Base Rate N/A
  Security Types Residential, commercial, investment, development
  Unacceptable Security Types Petrol stations, places of worship, sports clubs, charities, chemical works, contaminated properties
  Treatment of Interest Rolled, retained, serviced
  Max LTV 75% residential, 70% semi-commercial, 65% commercial
  Max Loan to GDV 70%
  Max Loan to Cost 70%
  Min/Max Loan Term 3-12 months
  Min/Max Loan Size £30k-£1m
  Geographical Lending Area England & Wales
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes (only Grade 2)
  Mixed Schemes Yes
  Planning Permission Needed No
  Commission Rate 1%-2%
  Associations FIBA, ASTL, NACFB
  Upfront fees Valuation & Legal Fees
  Early Redemption Charges Yes – case-by-case
  Investment Yes
  Owner-occupied Yes – If property is less than 40% residential
  Interest-only Options Yes
  The Index | 85

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