Page 49 - The Index

Specialism/USP Funds in as little as five days
Charges 1st, 2nd
Funding Peer-to-peer
FCA Regulated Yes
Interest Range Bridging from 0.75%, development from 0.85%
Base Rate N/A
Security Types Residential (business purposes), commercial, semi- commercial, investment, land with planning
Treatment of Interest Retained, serviced
Treatment of Default Interest On an individual basis
Max LTV 75%
Max Loan to GDV 70%
Max Loan to Cost N/A
Min/Max Loan Term 1-24 months
Min/Max Loan Size £50k-£3m
Geographical Lending Area England, Scotland (Glasgow & Edinburgh), Wales (Cardiff)
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed No
Commission Rate From 1%
Associations ASTL, NACFB
Upfront Fees No
Early Redemption Charges Individually assessed
Investment Yes
Owner-occupied Yes, 2nd charge only for business purposes
Interest-only Options Yes
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