Page 11 - The Index

Specialism/USP Lend against OMV rather than purchase price
Charges 1st
Funding Shareholder and bank
FCA Regulated No
Interest Range From 0.65%
Base Rate N/A
Security Types Residential and semi-commercial
Treatment of Interest Rolled
Treatment of Default Interest Default rate varies, up to a max 3%, and is rarely enforced
Max LTV 80%
Max Loan to GDV 75%
Max Loan to Cost N/A
Min/Max Loan Term 3-18 months
Min/Max Loan Size £100k-£2m
Geographical Lending Area England and Wales
New Builds Yes – limited LTV
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes No
Planning Permission Needed Yes
Commission Rate 1-2%
Associations ASTL, NACFB, FIBA
Upfront Fees No
Early Redemption Charges No – minimum 3 months’ interest
Investment Yes
Owner-occupied No
Interest-only Options Yes
The Index | 11