Page 69 - The Index
P. 69

                Specialism/USP Competitive and flexible property development and bridging finance
  Charges 1st
  Funding Retail deposits and institutional funding
  FCA Regulated Yes
  Interest Range Development from 6% pa
  Base Rate Variable or fixed rates
  Security Types Residential, student accommodation, land
  Treatment of Interest Typically rolled
  Treatment of Default Interest Serviced
  Max LTV 65%
  Max Loan to GDV 65% for development, 60% for bridging
  Max Loan to Cost 90%
  Min/Max Loan Term Up to 36 months
  Min/Max Loan Size £1m-£25m for development, £1m-£3m for bridging
  Geographical Lending Area England and Wales
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed Usually
  Commission Rate Broker fees included and paid from the facility
  Associations N/A
  Upfront Fees No
  Early Redemption Charges No
  Investment No
  Owner-occupied No
  Interest-only Options No
  The Index | 69

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