Page 35 - The Index
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Specialism/USP Fast, flexible short-term finance at competitive rates
Charges 1st
FCA Regulated No
Interest Range Bridging from 0.75% pcm, development finance from 6% pa
Base Rate/LIBOR (floor rate 3M LIBOR if applicable)
Security Types Residential, commercial, mixed-use
Unacceptable Security Types Owner-occupied, hotels, residential institutions, going concerns
Treatment of Interest – rolled, Rolled, serviced retained, serviced
Max LTV 70%
Max Loan to GDV 60%
Max Loan to Cost 85%
Min/Max Loan Term No minimum-18 months
Min/Max Loan Size £30k-£10m
Geographical Lending Area London and the Home Counties
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Bridging – deal-by-deal basis, development – yes
Commission Rate Negotiable
Associations N/A
Early Redemption Charges No
Investment Yes
Owner-occupied No
Interest-only Options Yes
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