Page 33 - The Index
P. 33

                                Specialism/USP Fast, flexible short-term finance at competitive rates
  Charges 1st
  Funding Bank
  FCA Regulated No
  Interest Range Bridging from 0.75% pcm, development finance from 6% pa
  Base Rate BoE
  Security Types Residential, commercial, mixed-use
  Treatment of Interest Rolled, serviced
  Treatment of Default Interest N/A for bridging, higher rate will be charged for development
  Max LTV 70%
  Max Loan to GDV 55%
  Max Loan to Cost 85%
  Min/Max Loan Term No minimum-18 months
  Min/Max Loan Size £30k-£10m
  Geographical Lending Area London and the Home Counties
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed Bridging – deal-by-deal basis, development – yes
  Commission Rate Negotiable
  Associations N/A
  Upfront Fees Negotiable
  Early Redemption Charges No
  Investment Yes
  Owner-occupied No
  Interest-only Options Yes
  The Index | 33

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