Page 73 - Demo
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                                    Product types Regulated, unregulated bridging and BTLCharges 1st, 2ndFunding model Private equity, HNWs and investment FCA regulated YesInterest range Bridging: 0.89%–1.2%; BTL: 6.09%–6.99%Fixed/variable interest Bridging: fixed; BTL fixed; currently only on 5-year productsTreatment of interest and default interestBridging: retained; BTL: interest only paid for the selected term, and client needs to confirm the repayment structure at applicationSectors Bridge: residential, commercial and semi-commercial; BTL: HMO, MUFB and semi-commercialMax LTV Bridging: 70%; BTL: 80%Max LTGDV N/AMax LTC N/AMin and max loan term Bridging: 1–24 months. BTL: 5–35 yearsMin and max loan size Bridging: £50,000–£10m; BTL: varies Min property value Bridging: £75,000; BTL: variesValuation retypes Yes, on case-by-case basisRental calculations and exposureICR on 5 year 125% at pay rateGeographical lending areas England and WalesTypes of valuation accepted Red Book and short form subject to property typeNew builds YesHeavy refurb YesGrade listed buildings YesGreen/sustainable product Yes, £250 credit to borrowers who achieve an EPC of A or BPlanning permission needed YesCommission rate 1-2%; BTL: varies dependent on introducer entity Associations/charters Yes Types of landlords accepted Bridging: ltd co, individual, first-time and portfolioUpfront fees YesBroker portal YesEarly redemption charges NoInvestment YesOwner occupied YesElectronic signatures accepted NoLending on land NoLender Index | 73
                                
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