Page 33 - Demo
P. 33


                                    Product types Bridging, BTL, Commercial Charges 1st, 2nd & equitable chargesFunding model Substantial institutional funding FCA regulated NoInterest range Bridging from 0.69%, BTL from 0.59%, commercial from 0.79% (all plus base rate) Fixed/variable interest BothTreatment of interest & default interestDefault interest charged from 0.59% monthly from date of default for defaulted loans, subject to lender discretion Sectors Residential, commercial, semi-commercial, land with planning, large single assets Max LTV 75%Max LTGDV 70%Max LTC N/AMin & max loan term 3-36 months Min & max loan size £250k to £25mMin property value £350kValuation retypes Yes Rental calculations & exposure N/AGeographical lending areas UK wide (excl. Scotland & N. Ireland) Types of valuation accepted RICS Red Book valuation New builds YesHeavy Refurb YesGrade listed buildings YesGreen/Sustainable product YesPlanning permission needed YesCommission rate Competitive Associations/Charters ASTLTypes of landlords accepted Ltd co, individual, first-time and portfolioUpfront fees YesBroker portal NoEarly redemption charges NoInvestment YesOwner occupied Yes (subject to business purpose exemption) Electronic signatures accepted YesLending on land YesLender Index | 33
                                
   27   28   29   30   31   32   33   34   35   36   37