Page 41 - The Index
P. 41

                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
  The Index | 41

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