Page 99 - The Index
P. 99

          Specialism/USP Tailored property finance, excellent service
  Charges Bridging and structured 1st, 2nd; development 1st
  Funding Bank deposits
  FCA Regulated Yes
  Interest Range Bridging from 0.55% pcm, structured bespoke to proposal, development - project dependent
  Base Rate UTB base rate is BoE base rate + 1%
  Security Types Residential, commercial, mixed, development
  Unacceptable Security Types Varies by product – call to discuss
  Treatment of Interest Rolled, serviced
  Max LTV Bridging and structured – variable by proposal
  Max Loan to GDV Improvement loan 70%, development 60%
  Max Loan to Cost Development 90%
  Min/Max Loan Term No min term, development 9-36 months
  Min/Max Loan Size £75k-£20m, development £0.5m+
  Geographical Lending Area England, Scotland and Wales
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes - structured and development
  Planning Permission Needed Dependent on scheme
  Commission Rate Varies by product – call to discuss
  Associations NACFB, FLA, ASTL, FIBA, HBF
  Upfront fees No
  Early Redemption Charges Bridging – yes first month only, development – no
  Investment Bridging and structured – yes, development – build-to-let
  Owner-occupied Bridging and structured – yes, development – no
  Interest-only Options Bridging and structured – yes, development – no
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