Page 87 - The Index

Specialism/USP Bridging, development and BTL
Charges 1st, 2nd
Funding Institutional and private
FCA Regulated Yes
Interest Range Bridging from 0.65%, development from 7% pa
Base Rate LIBOR
Security Types Residential, commercial, investment, development/ development exit
Treatment of Interest Retained, rolled, serviced
Treatment of Default Interest We may charge a higher rate of interest, however, regulated loans are charged at one flat rate irrespective of the loan
performance
Max LTV 65%
Max Loan to GDV 65%
Max Loan to Cost 85%
Min/Max Loan Term 9-24 months (note charging period one month)
Min/Max Loan Size £75k-£5m+ (referral to credit committee above)
Geographical Lending Area UK wide
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Would consider both, LTV restrictions apply
Commission Rate From 1%
Associations N/A
Upfront Fees No
Early Redemption Charges No
Investment Yes
Owner-occupied Yes
Interest-only Options No
The Index | 87