Page 41 - The Index

Specialism/USP Fast, fair, transparent and no hidden fees
Charges 1st, 2nd
Funding Senior warehouse facility and own equity
FCA Regulated Yes
Interest Range From 0.65%
Base Rate N/A
Security Types Residential, mixed use, commercial, light and heavy refurbishment
Treatment of Interest Retained, rolled, serviced, partially serviced
Treatment of Default Interest Discretionary charge of 1% pcm
Max LTV 75%
Max Loan to GDV 65%
Max Loan to Cost 90%
Min/Max Loan Term 3-18 months
Min/Max Loan Size £150k-£5m
Geographical Lending Area England and Wales
New Builds Only on development exit schemes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Dependent on asset type
Commission Rate Up to 2%
Associations NACFB, FIBA
Upfront Fees Arrangment fee up to 2%
Early Redemption Charges No (three-month min term and interest applied)
Investment Yes
Owner-occupied Case-specific
Interest-only Options Yes
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