Page 13 - The Index

Specialism/USP Actually lending post Covid-19 with workable leverage
Charges 1st
Funding Equity-funded by FTSE listed firm
FCA Regulated No
Interest Range 0.59% stepped, 0.89% flat (all LTVs)
Base Rate N/A
Security Types Residential, investment, commercial, semi-commercial, re- development
Treatment of Interest Retained
Treatment of Default Interest Interest from 0.59-3%, assessed on a case-by-case basis
Max LTV 75% residential, 70% commercial
Max Loan to GDV 75% residential, 70% commercial
Max Loan to Cost 100%
Min/Max Loan Term 12-18 months
Min/Max Loan Size £200k-£3m
Geographical Lending Area England and Wales
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Case by case
Commission Rate 1%-2%
Associations FIBA, ASTL
Upfront Fees No
Early Redemption Charges Yes – 3 months minimum
Investment Yes
Owner-occupied Yes, for business purposes only
Interest-only Options No
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