Page 21 - The Index
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Specialism/USP Fast and flexible short-term bridging and development loans
Charges 1st
FCA Regulated No
Interest Range From 0.65% pcm
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Residential, development, commercial, investment
Unacceptable Security Types N/A
Treatment of Interest – rolled, Rolled, retained, serviced retained, serviced
Max LTV 70% residential, 65% commercial
Max Loan to GDV 70%
Max Loan to Cost 100% of total cost (additional security) or 70% of purchase plus 100% of build
Min/Max Loan Term 3-18 months
Min/Max Loan Size £500k-£7m
Geographical Lending Area London, Home Counties, Oxford, Cambridge, Bristol
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed No
Commission Rate Negotiable
Associations NACFB, ASTL
Early Redemption Charges No
Investment Yes
Owner-occupied Only for limited companies
Interest-only Options Yes
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