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Product types Valuation Only2nd chargeLow rateSomo works (refurb)Lifeline loan (insolvency and bankruptcy cases)Charges 1st, 2nd and 3rd; equitable chargesFunding model Crowdfunded, P2P and institutional funding linesFCA regulated Yes, for certain regulatory activitiesInterest range Low Rate: from 0.71%Valuation Only: 0.96%1st charge: 0.71%2nd charge: from 0.86%Fixed/variable interest FixedTreatment of interest + default interestRetained, serviced and amalgamation of retained and servicedSectors Residential, BTL, HMO, semi-commercial as well as commercial to residential conversionsMax LTV 70%Max LTGDV 70%Max LTC 85%Min & max loan term 1–24 monthsMin & max loan size £27,500-£3mMin property value NoneValuation retypes YesRental calculations & exposure N/AGeographical lending areas England and WalesTypes of valuation accepted Retypes, Red Book and short formNew builds YesHeavy Refurb YesGrade listed buildings YesGreen/Sustainable product N/APlanning permission needed If applicableCommission rate 1-2%Associations/Charters NACFBTypes of landlords accepted Ltd co, individual, first time and portfolioUpfront fees £350 lock-in fee and valuation feeBroker portal NoEarly redemption charges Dependent on offeInvestment YesOwner occupied YesElectronic signatures accepted Yes, up to legal stageLending on land Yes, with additional securityLender Index | 87