Page 79 - The Index
P. 79

         Specialism/USP Bridging finance and bridge to term product
  Charges 1st, 2nd
  Funding Institutionally backed with multiple funding lines
  FCA Regulated No
  Interest Range From 0.44% pm
  Base Rate Base rate for the term product
  Security Types Residential, commercial, investment, development
  Treatment of Interest Rolled, retained, serviced
  Treatment of Default Interest 2%
  Max LTV 75% residential, 70% semi-commercial, 65% commercial
  Max Loan to GDV 70%
  Max Loan to Cost 100%
  Min/Max Loan Term 3-24 months
  Min/Max Loan Size £50k-£2m
  Geographical Lending Area England, Scotland and Wales
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes – Grade II only
  Mixed Schemes Yes
  Planning Permission Needed Yes
  Commission Rate From 1%
  Associations FIBA, ASTL, NACFB
  Upfront Fees Valuation and legal fees – charged at cost
  Early Redemption Charges Term loans only
  Investment Yes
  Owner-occupied Business purposes only
  Interest-only Options Yes - repayment options also available on term loans
  The Index | 79

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