Page 63 - The Index
P. 63

         Specialism/USP Bridging finance that goes back to basics. Speed, flexibility and ability to lend on complex cases
  Charges 1st, 2nd
  Funding Equity, investments, funding lines
  FCA Regulated No
  Interest Range From 0.75%
  Base Rate N/A
  Security Types Residential, commercial, mixed-use
  Unacceptable Security Types Land/farms, industrial units, agricultural holdings, hotels
  Treatment of Interest Rolled up, retained, serviced
  Max LTV 70% on residential, 65% on commercial, mixed-use
  Max Loan to GDV N/A
  Max Loan to Cost N/A
  Min/Max Loan Term 3-18 months
  Min/Max Loan Size £100k – £3m
  Geographical Lending Area England
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Grade II listed only
  Mixed Schemes Yes
  Planning Permission Needed Yes
  Commission Rate By agreement
  Associations NACFB
  Upfront fees No
  Early Redemption Charges None after initial 3 months (minimum loan term)
  Investment Yes
  Owner-occupied No
  Interest-only Options Yes
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