Page 85 - The Index
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Specialism/USP Principal lender of development finance
Charges 1st
FCA Regulated No
Interest Range 0.75-1.35% pcm
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Residential investment property, land with planning
Unacceptable Security Types Principal primary residence
Treatment of Interest – rolled, Serviced retained, serviced
Max LTV 100% build costs and 50% purchase
Max Loan to GDV 50%
Max Loan to Cost 80%
Min/Max Loan Term 3-15 months
Min/Max Loan Size £100k-£3m
Geographical Lending Area As far North as Lincolnshire/Derbyshire, into South Wales and Devon. Other areas can be considered
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Yes
Commission Rate 1-1.5% of facility payable at offer stage
Associations NACFB, AOBP, Federation of Master Builders, National Federation of Builders
Early Redemption Charges No
Investment Yes
Owner-occupied No
Interest-only Options Yes
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