Page 31 - The Index
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Specialism/USP Small facilities, speed and reliability
Charges 1st, 2nd
FCA Regulated Yes
Interest Range Bridging, auction, commercial, refurbs 1.39-1.65%, development 1.5-1.75%, pub, HMOs, mixed, industrial
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Residential, commercial, mixed-use, land, pubs, HMO, regulated/assured tenancies
Unacceptable Security Types None
Treatment of Interest – rolled, Rolled, serviced or partially serviced with balance rolled retained, serviced
Max LTV 65% net rolled, 70% net serviced, 100% net with extra security
Max Loan to GDV 65%, 100% of costings available
Max Loan to Cost N/A
Min/Max Loan Term Short-term 1-12 months (plus extensions)
Min/Max Loan Size £26k-£250k
Geographical Lending Area Southern half of England/Wales including Midlands
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed No
Commission Rate 1-1.5% dependent on volume
Associations NACFB
Early Redemption Charges No (subject to minimum term)
Investment Yes
Owner-occupied No
Interest-only Options Yes
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