Page 19 - Demo
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                                    Product types BTL, bridge, development and commercial term Charges 1st Funding model Retail investors and HNW into tax-efficient portfoliosFCA regulated YesInterest range Rates are fixed and negotiated on a case-by-case basisFixed/variable interest FixedTreatment of interest and default interestRolled or serviced. Default interest charged at 0.5% pcm above the stated interest rate. Interest charged and compounded daily.Sectors All sectorsMax LTV 70%Max LTGDV 70%Max LTC 85%Min and max loan term 3–24 monthsMin and max loan size £1m–£25mMin property value N/AValuation retypes YesRental calculations and exposure1.25 x ICR for BTR, no specific exposuresGeographical lending areas UK including Northern IrelandTypes of valuation accepted Red Book for all lending, short form for BTLNew builds YesHeavy refurb YesGrade listed buildings YesGreen/sustainable product No sustainable product but preferential rates are availablePlanning permission needed YesCommission rate Typically 1% or as agreed Associations/charters NACFB patronTypes of landlords accepted No restrictions, ideally experiencedUpfront fees YesBroker portal NoEarly redemption charges NoInvestment YesOwner occupied NoElectronic signatures acceptedYesLending on land YesLender Index | 19
                                
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