Page 15 - The Index
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Specialism/USP Open market value lending
Charges 1st, 2nd
FCA Regulated No
Interest Range Bridging from 0.95%
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Residential, semi-commercial, commercial, land
Unacceptable Security Types Considered on an individual basis
Treatment of Interest – rolled, Rolled, part-serviced, serviced retained, serviced
Max LTV 75%
Max Loan to GDV N/A
Max Loan to Cost N/A
Min/Max Loan Term 1-18 months
Min/Max Loan Size £50k-£2m
Geographical Lending Area England, Scotland and Wales
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings On merit
Mixed Schemes On merit
Planning Permission Needed Yes
Commission Rate 1.5% of loan
Associations NACFB
Early Redemption Charges May apply
Investment Yes
Owner-occupied Yes, second charge for business purpose only
Interest-only Options Yes
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