Page 105 - The Index
P. 105

         Specialism/USP Specialist lending
  Charges 1st
  Funding Private
  FCA Regulated Yes
  Interest Range Unregulated bridging from 0.50% pm, regulated bridging from 0.50% pm, buy-to-let from 4.14%, commercial
investment from 5.19%
  Security Types Residential, commercial, investment, development
  Treatment of Interest Retained or serviced for bridging Serviced for term finance
  Treatment of Default Interest N/A
  Max LTV 75% (up to 85% LTV available on bridging and light refurbishment to fund cost of works)
  Max Loan to GDV 65%
  Max Loan to Cost 80%
  Min/Max Loan Term 1 month bridging/30 years term finance
  Min/Max Loan Size £40k-£25m
  Geographical Lending Area England, Scotland and Wales
  Types of valuation accepted AVMs and standard valuations
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings 2/B only
  Mixed Schemes Yes
  Planning Permission Needed Yes
  Commission Rate 1.50-1.95%
  Associations NACFB, ASTL, CML, UK Finance
  Upfront Fees Zero
  Early Redemption Charges Zero for bridging, up to 3% for term
  Investment Yes
  Owner-occupied Yes
  Interest-only Options Yes
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