Page 107 - The Index
P. 107

         Specialism/USP Speed, flexibility, poor credit/financial history
  Charges 1st, 2nd
  Funding 100% privately funded
  FCA Regulated No
  Interest Range Bridging from 1% pm, development from 1.5% pm
  Security Types Residential, commercial, investment, development
  Treatment of Interest Rolled, serviced
  Treatment of Default Interest Default interest charged from date of breach (3%)
  Max LTV 70% residential, 65% commercial
  Max Loan to GDV 60%
  Max Loan to Cost 60%
  Min/Max Loan Term 3-24 months
  Min/Max Loan Size £50k-£5m
  Geographical Lending Area Mainland UK and Northern Ireland
  Types of valuation accepted Full valuation, AVMs, desktop, re-types and Red Book
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed Yes
  Commission Rate 2%
  Associations NACFB, ASTL, FIBA
  Upfront Fees No
  Early Redemption Charges Yes
  Investment Yes
  Owner-occupied Yes
  Interest-only Options Yes
  The Index | 107

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