Page 43 - The Index
P. 43

Specialism/USP Low rates at high speed
Charges 1st
FCA Regulated No
Interest Range Residential bridging from 0.65%, commercial bridging from 0.75%
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Residential investment, commercial, semi-commercial, short- lease residential investment
Unacceptable Security Types All security considered
Treatment of Interest – rolled, Retained and/or serviced retained, serviced
Max LTV 75% residential, 70% commercial
Max Loan to GDV N/A
Max Loan to Cost N/A
Min/Max Loan Term 3-12 months
Min/Max Loan Size £100k-£5m (larger deals upon application)
Geographical Lending Area England and Wales
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Yes
Commission Rate 1.5-2.5%
Associations AOBP, NACFB
Early Redemption Charges No
Investment Yes
Owner-occupied No
Interest-only Options Yes
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