Page 93 - The Index
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                                                  Specialism/USP Bridging finance – automated valuations and joint legal representation available for fast completions
  Charges 1st and 2nd additional security
  Funding Retail deposits
  FCA Regulated Yes
  Interest Range 0.49% pm
  Security Types Residential, buy-to-let, residential investment
  Treatment of Interest Retained
  Treatment of Default Interest N/A
  Max LTV Regulated property investor – 90% of purchase price or 65% of valuation, whichever is lower
  Max Loan to GDV 65%
  Max Loan to Cost N/A
  Min/Max Loan Term Regulated 12 months, property investor 12-18 months, refurbishment, buy-to-let 6 months
  Min/Max Loan Size £50k-£1m
  Geographical Lending Area England, Wales and parts of Scotland
  Types of valuation accepted AVMs and short-form
  New Builds Yes
  Refurbishment Yes
  Conversions No
  Grade Listed Buildings Yes – Grade II England and Wales, Grade C Scotland
  Mixed Schemes No
  Planning Permission Needed N/A
  Commission Rate From 1% gross
  Associations UK Finance, IMLA, AMI, FLA, NACFB, FIBA and the Financial Services Forum
  Upfront Fees Only upfront fee is the valuation fee (please see www. for further information)
    Early Redemption Charges No, interest accrued on a daily basis after the first month
  Investment Yes
  Owner-occupied Yes
  Interest-only Options Yes, applies to all loans
  Product and criteria information correct at time of print 28.06.21 The Index | 93

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