Page 69 - The Index
P. 69

Specialism/USP Residential property finance
Charges 1st
FCA Regulated No
Interest Range 7% pa
Base Rate/LIBOR (floor rate 4% over 3 month LIBOR (min 7%) if applicable)
Security Types Residential
Unacceptable Security Types N/A
Treatment of Interest – rolled, Rolled retained, serviced
Max LTV N/A
Max Loan to GDV 65%
Max Loan to Cost circa 80%
Min/Max Loan Term circa 12 months
Min/Max Loan Size £500k-£3m
Geographical Lending Area England and Wales
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings No
Mixed Schemes No
Planning Permission Needed Yes
Commission Rate Negotiable
Associations N/A
Early Redemption Charges No
Investment No
Owner-occupied No
Interest-only Options No
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