Page 73 - The Index
P. 73

                                                  Specialism/USP Speed of service, product choice and price
  Charges 1st, 2nd
  Funding Various
  FCA Regulated Yes
  Interest Range From 0.49%
  Base Rate N/A
  Security Types Residential, buy-to-let, residential investment
  Treatment of Interest Retained and serviced – all regulated loans are to be on retained interest basis
  Treatment of Default Interest Not charged
  Max LTV Regulated and property investor - 90% of purchase price or 75% of valuation, whichever is lower
  Max Loan to GDV 75%
  Max Loan to Cost N/A
  Min/Max Loan Term Regulated 1-12 months, property investor 1-18 months
  Min/Max Loan Size Regulated £50k-no maximum, property investor £50k-no maximum, 2nd charge £25k-no maximum
  Geographical Lending Area England, Wales and parts of Scotland
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Grade II – England and Wales, Grade C – Scotland
  Mixed Schemes Yes
  Planning Permission Needed Depends on product required
  Commission Rate From 1% gross
  Associations UK Finance, IMLA, AMI, FLA, NACFB, FIBA and The Financial Services Forum
  Upfront Fees Only upfront fee is the valuation fee (please see www. for further information)
    Early Redemption Charges No, interest accrued on a daily basis after the first month
  Investment Yes
  Owner-occupied Yes
  Interest-only Options Yes, applies to all loans
  The Index | 73

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