Page 27 - The Index
P. 27

             Specialism/USP Principal bridging lender with direct access to the decision makers. Specialist in third party charges and offshore
  Charges 1st, 2nd
  Funding Multiple sources, including shareholders and private investors
  FCA Regulated No
  Interest Range Bridging from 0.69% pm
  Base Rate N/A
  Security Types Residential, commercial, mixed use, HMO, investment, development (only in London)
  Treatment of Interest On a case-by-case basis
  Treatment of Default Interest Higher rate is applied but capped at 2% pm
  Max LTV 70% gross
  Max Loan to GDV N/A
  Max Loan to Cost N/A
  Min/Max Loan Term 3-12 months
  Min/Max Loan Size £100k-£5m
  Geographical Lending Area England and Wales
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed Yes
  Commission Rate Minimum 1% of gross loan
  Associations NACFB
  Upfront Fees Upon application
  Early Redemption Charges No
  Investment Yes
  Owner-occupied Yes
  Interest-only Options Yes
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