Page 87 - The Index
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Specialism/USP We meet every borrower to fully understand their needs in a transaction
Charges 1st, 2nd
FCA Regulated No
Interest Range 0.45-1.25% pcm
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Most residential and commercial property
Unacceptable Security Types Single-use leisure or industrial properties, religious buildings, properties used by charities, petrol stations, schools,
operating care homes, operating pubs
Treatment of Interest – rolled, Rolled, retained, serviced, part-serviced options available retained, serviced
Max LTV 75% on residential properties, 65% on commercial properties
Max Loan to GDV Case-by-case, usually up to 70%
Max Loan to Cost 100%
Min/Max Loan Term 3-12 months
Min/Max Loan Size £30k-£1m, higher loan amounts considered on merit
Geographical Lending Area England and Wales
New Builds No
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Grade II-listed only
Mixed Schemes Yes
Planning Permission Needed On merit
Commission Rate 1-1.5%
Associations ASTL, NACFB
Early Redemption Charges We have products with and without ERCs
Investment Yes
Owner-occupied Unregulated loans only
Interest-only Options Yes
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