Page 53 - The Index

Specialism/USP Professional focus and smart online tools
Charges 1st, 2nd
Funding Bank lines, institutional funding and retail bonds
FCA Regulated Yes
Interest Range 0.55% - 1.10% pcm
Base Rate N/A
Security Types Residential, commercial, semi-commercial and land
Treatment of Interest Rolled, retained, serviced
Treatment of Default Interest Authorised extensions at 0.25% pcm premium
Max LTV 75% for bridging and BTL
Max Loan to GDV 65% for development
Max Loan to Cost 90%
Min/Max Loan Term 1-24 months
Min/Max Loan Size £50k-£15m
Geographical Lending Area England, Scotland and Wales
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed No
Commission Rate Negotiable
Associations UK Finance, ASTL, NACFB, FIBA
Upfront Fees No
Early Redemption Charges No for bridging and development
Investment Yes
Owner-occupied No
Interest-only Options Yes
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