Page 87 - The Index
P. 87

                   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
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