Page 59 - The Index
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Specialism/USP Fast P2P bridging and development finance
Charges 1st, 2nd
FCA Regulated Yes
Interest Range Bridging from 0.65% pcm, development from 1% pcm
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Residential, commercial land, development
Unacceptable Security Types N/A
Treatment of Interest – rolled, Retained, serviced extensions retained, serviced
Max LTV 70%
Max Loan to GDV 70%
Max Loan to Cost 100%
Min/Max Loan Term 3-24 months
Min/Max Loan Size £100k-£50m
Geographical Lending Area UK
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Yes
Commission Rate 2% negotiable
Associations NACFB
Early Redemption Charges Yes
Investment Yes
Owner-occupied Yes (if residential is less than 40%)
Interest-only Options N/A
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