Page 33 - The Index
P. 33

         Specialism/USP Small facilities, speed and reliability
  Charges 1st, 2nd
  Funding Private
  FCA Regulated Yes
  Interest Range Bridging, auction, commercial, refurbs 1.39-1.65%, development 1.5-1.75%, pub, HMOs, mixed, industrial
1.55-1.75%
  Base Rate N/A
  Security Types Residential, commercial, mixed-use, land, pubs, HMO, regulated/assured tenancies, development
  Unacceptable Security Types Owner occupied
  Treatment of Interest Rolled, serviced or partially serviced with balance rolled
  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-£300k (larger requirements case-by-case)
  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
  Upfront fees Valuation and Legal Deposit
  Early Redemption Charges No (subject to minimum term)
  Investment Yes
  Owner-occupied No
  Interest-only Options Yes
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