Page 43 - The Index

Specialism/USP Specialist mortgages: BTL, semi-commercial and bridging
Charges 1st
Funding Deposits
FCA Regulated Yes
Interest Range Bridging and STL rates from 0.55% pcm, BTL and HMO from 4.03%, semi-commercial from 4.80%
Base Rate N/A
Security Types Residential, semi-commercial, HMOs, holiday lets, portfolios, serviced accommodation, new build, purpose-built student
accommodation.
Treatment of Interest Rolled, serviced
Treatment of Default Interest 3% pa
Max LTV 75%
Max Loan to GDV 75%
Max Loan to Cost N/A
Min/Max Loan Term Short-term 1-12 months, term 2-30 years
Min/Max Loan Size £100k-£15m
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 By agreement
Associations NACFB
Upfront Fees No
Early Redemption Charges Short-term – no, term - yes
Investment Yes
Owner-occupied No
Interest-only Options Yes, up to 30 years
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