Page 71 - The Index

Specialism/USP Fast, flexible, bespoke underwriting, large complex loans
Charges 1st
Funding Institutional
FCA Regulated No
Interest Range Bridging from 0.60% pcm, development from 3.95% pa
Base Rate N/A on bridging; one month LIBOR on development
Security Types Residential, commercial, investment, development, semi- commercial, land
Treatment of Interest Rolled, retained, serviced
Treatment of Default Interest A higher default interest rate is transparently documented in our credit approved terms with the borrower. This rate is
charged on a flexible, case-by-case basis depending on the circumstances of the default.
Max LTV 72%
Max Loan to GDV 75%
Max Loan to Cost 90%
Min/Max Loan Term 1 month – 4 years
Min/Max Loan Size £1m-£25m for bridging, £8m-£60m for development
Geographical Lending Area Predominantly southern England, other strong locations considered
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Yes
Commission Rate Negotiable
Associations NACFB, HBF
Upfront Fees Yes
Early Redemption Charges No
Investment Yes
Owner-occupied No
Interest-only Options Yes
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