Page 83 - The Index

Specialism/USP Specialist lending
Charges 1st
Funding Private
FCA Regulated Yes
Interest Range Unregulated bridging from 0.55% per month Regulated bridging from 0.66% per month
Buy-to-Let from 3.59% (+Shawbrook Base Rate), Commercial Investment from 4.94% (+Shawbrook Base Rate)
Base Rate Shawbrook Base Rate (SBR) with 0.75% floor
Security Types Residential, commercial, investment, development
Treatment of Interest Retained or serviced for bridging Serviced for term finance
Treatment of Default Interest N/A
Max LTV 75%
Max Loan to GDV 65%
Max Loan to Cost 80%
Min/Max Loan Term 1 month bridging/30 years term finance
Min/Max Loan Size £50k-£25m
Geographical Lending Area England, Scotland (excl regulated), Wales
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings 2/B only
Mixed Schemes Yes
Planning Permission Needed Yes
Commission Rate 1.5-1.95%
Associations NACFB, ASTL, CML, UK Finance
Upfront Fees Zero
Early Redemption Charges Zero for bridging, up to 3% for term
Investment Yes
Owner-occupied Yes
Interest-only Options Yes
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