Page 7 - The Index
P. 7

                 Specialism/USP Commercial mortgages and property development finance with bespoke underwriting and flexible terms
  Charges 1st
  Funding Bank deposits
  FCA Regulated Yes
  Interest Range
Rates from 5.83% + LIBOR for commercial mortgages between £50k - £200k
Rates from 3.98% + LIBOR for commercial mortgages between £200k - £1m
Bespoke terms and rates for commercial mortgages between £1m – £25m
Property development finance from 6.5% - 7.5%
  Base Rate Commercial mortgages - LIBOR, development finance - fixed
  Security Types Residential, semi commercial, commercial, mixed, development
  Treatment of Interest Commercial mortgages: serviced, development finance: rolled
  Treatment of Default Interest Minimum 2% increase on interest rate
  Max LTV Commercial mortgages: 75%
  Max Loan to GDV Property development finance: 60%
  Max Loan to Cost 85%
  Min/Max Loan Term Commercial mortgages: 6-20 years Development finance: 1-30 months
  Min/Max Loan Size Commercial mortgages: £50k-£25m Development finance: £500k-£25m
  Geographical Lending Area England, Wales and Scotland
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed Yes
  Commission Rate Negotiable
  Associations NACFB
  Upfront Fees Yes – can be added to loan if desired
  Early Redemption Charges Commercial mortgages: Yes. Development Finance: No
  Investment Commercial mortgages: Yes. Development Finance: Yes if pre-let
  Owner-occupied Commercial mortgages: Yes. Development Finance: Yes
  Interest-only Options Commercial mortgages: Yes. Development Finance: No
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