Page 7 - The Index

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
The Index | 7