Page 71 - The Index
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Specialism/USP Speed, asset-based, lend on OMV, no PGs
Charges 1st, 2nd
FCA Regulated No
Interest Range 0.89-1.2% pcm
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Residential, commercial, mixed residential/commercial
Unacceptable Security Types Land, industrial units
Treatment of Interest – rolled, Retained, serviced retained, serviced
Max LTV 70%
Max Loan to GDV N/A
Max Loan to Cost Up to 70% 1st charges, up to 65% 2nd charges
Min/Max Loan Term 3-24 months
Min/Max Loan Size £100k-£10m
Geographical Lending Area England
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed No
Commission Rate By agreement
Associations NACFB, AOBP, ASTL
Early Redemption Charges No
Investment Yes
Owner-occupied Yes, 2nd charge for business purposes only
Interest-only Options Yes
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