Page 63 - The Index

Specialism/USP Fast, flexible, creative bridging and development solutions
Charges 1st, 2nd
Funding Combination of institutional and proprietary funding
FCA Regulated No
Interest Range From 0.65% pm for bridging, 8.5% pa for development
Base Rate LIBOR, minimum floor of 0.50%
Security Types Residential, mixed and commercial
Treatment of Interest Retained, serviced
Treatment of Default Interest The charging of default interest is charged at a flat rate above the contractual rate of interest, however each case is
considered on its own merits based on the conduct of the borrower and on-going dialogue at the point of default.
Max LTV 75%
Max Loan to GDV 70%
Max Loan to Cost 85%
Min/Max Loan Term 3–18 months for bridging, 6–24 months for development
Min/Max Loan Size £50k-£10m for bridging, £750k-£10m for development
Geographical Lending Area England, Wales and Scotland
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes – Grade II
Mixed Schemes Yes
Planning Permission Needed Yes
Commission Rate 0.5-2%
Associations ASTL, NACFB
Upfront Fees No
Early Redemption Charges Yes
Investment Yes
Owner-occupied No
Interest-only Options Yes
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