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                                    Product types Development, bridging, sales periodCharges 1st, 2ndFunding model Institutional, private, HNWs and family officesFCA regulated YesInterest range Short-term finance from 0.90% pm; stretch senior from 5.6% + BOE pa; mezzanine from 12% +BOE paFixed/variable interest VariableTreatment of interest and default interestRoll-up for development, rolled/serviced for bridge and exit; default interest rate is charged at 15%Sectors Residential, commercial, mixed-use, airspaceMax LTV 75%Max LTGDV 75%Max LTC 90%Min and max loan term 6–24 monthsMin and max loan size £1m–£20mMin property value £1.5mValuation retypes Yes, as long as it is less than 3 months old at drawdown dateRental calculations and exposure N/AGeographical lending areas Prime central London, outer London and home countiesTypes of valuation accepted Red BookNew builds YesHeavy refurb YesGrade listed buildings YesGreen/sustainable product YesPlanning permission needed YesCommission rate From 1%Associations/charters N/ATypes of landlords accepted Individual and CorporateUpfront fees YesBroker portal N/A – under constructionEarly redemption charges Not applicable but we do include a minimum interest clauseInvestment N/AOwner occupied N/AElectronic signatures accepted YesLending on land YesLender Index | 27
                                
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