Page 49 - The Index
P. 49

         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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