Page 115 - The Index
P. 115

         Specialism/USP Bridging and development
  Charges 1st, 2nd
  Funding Institutional and private
  FCA Regulated Yes
  Interest Range Bridging from 0.60% pm, development from 7% pa
  Security Types Residential, commercial, investment, development and land
  Treatment of Interest Retained, serviced and rolled (for development finance)
  Treatment of Default Interest We may charge a higher rate of interest; however, regulated loans are charged at one flat rate irrespective of the loan
  Max LTV 75%
  Max Loan to GDV 65%
  Max Loan to Cost 85%
  Min/Max Loan Term 1-24 months (note charging period is one month)
  Min/Max Loan Size £75k-£20m (referral to credit committee for larger loans)
  Geographical Lending Area UK wide
  Types of valuation accepted Full Red Book, re-types
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed No
  Commission Rate From 1%
  Associations N/A
  Upfront Fees No
  Early Redemption Charges No
  Investment Yes
  Owner-occupied Yes
  Interest-only Options No
  The Index | 115

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