Page 55 - The Index
P. 55

          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
  The Index | 55

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