Page 97 - The Index
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Specialism/USP Specialist commercial mortgage lender – short-term bridging, BTL, commercial term loans
Charges 1st, 2nd
FCA Regulated Yes
Interest Range Bridging from 0.65% pcm, term loans from 6.99% pa
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Residential, commercial and semi-commercial, most construction types and land
Unacceptable Security Types Chemical works, contaminated properties, mobile homes
Treatment of Interest – rolled, Rolled, retained, serviced retained, serviced
Max LTV 75%
Max Loan to GDV 65%
Max Loan to Cost 75%
Min/Max Loan Term Bridging 1-24 months, term loans between 4-30 years
Min/Max Loan Size £5k-£5m
Geographical Lending Area England, Wales and Scotland
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Yes, not required for land purchases
Commission Rate From 1%
Associations NACFB
Early Redemption Charges bridging – no, term loans – variable
Investment Yes
Owner-occupied Yes, for business purposes only
Interest-only Options Yes, up to 15 years
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