Page 23 - The Index

Specialism/USP Part-complete development funding | Planning flexibility feature
Charges 1st
Funding Institutional funding lines
FCA Regulated No
Interest Range Standard Pricing: finish & exit: 0.73% pm Refurbishment: 0.69% pm (increases with level of works)
Residential bridging: 0.67% pm Ground Up: 0.75% pm
Security Types Residential or mixed use (majority residential)
Treatment of Interest Situational basis (Rolled, retained or serviced)
Treatment of Default Interest Fixed rate
Max LTV 75%
Max Loan to GDV 75%
Max Loan to Cost 90%
Min/Max Loan Term 3-24 months (dependent on product)
Min/Max Loan Size £300K-£5M
Geographical Lending Area Southern & Central England
Types of valuation accepted Red Book
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed No (flexible planning product applicable)
Commission Rate Up to 1.5%
Associations FIBA, ASTL, NACFB
Upfront Fees No
Early Redemption Charges Minimum interest clause in loan agreement
Investment No
Owner-occupied No
Interest-only Options No
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