Page 65 - The Index
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         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
  The Index | 65

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