Page 97 - The Index
P. 97

         Specialism/USP Open market value lending
  Charges 1st, 2nd
  Funding Private
  FCA Regulated No
  Interest Range Bridging from 0.95%
  Base Rate N/A
  Security Types Residential, semi-commercial, commercial, land
  Unacceptable Security Types Considered on an individual basis
  Treatment of Interest Rolled, part-serviced, serviced
  Max LTV 75%
  Max Loan to GDV N/A
  Max Loan to Cost N/A
  Min/Max Loan Term 1-18 months
  Min/Max Loan Size £50k-£1.5m
  Geographical Lending Area England, Scotland and Wales
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings On merit
  Mixed Schemes On merit
  Planning Permission Needed Yes
  Commission Rate 1.5% of loan
  Associations NACFB
  Upfront fees No
  Early Redemption Charges May apply
  Investment Yes
  Owner-occupied Yes, second charge for business purpose only
  Interest-only Options Yes
  The Index | 97

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