Page 97 - The Index
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Specialism/USP Tailored property finance, excellent service
Charges Bridging and structured 1st, 2nd; development 1st
FCA Regulated Yes – offers regulated and unregulated loans
Interest Range Bridging from 0.55% pcm, structured bespoke to proposal, development - project dependent
Base Rate/LIBOR (floor rate UTB base rate is BoE base rate + 1% if applicable)
Security Types Residential, commercial, mixed, development
Unacceptable Security Types Varies by product – call to discuss
Treatment of Interest – rolled, Rolled, serviced retained, serviced
Max LTV Bridging and structured - variable by proposal
Max Loan to GDV Improvement loan 70%, development 60%
Max Loan to Cost Development 90%
Min/Max Loan Term No min term, development 9-36 months
Min/Max Loan Size £100k-£20m, development £0.5m+
Geographical Lending Area England, Scotland and Wales
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes - structured and development
Planning Permission Needed Dependent on scheme
Commission Rate Varies by product – call to discuss
Associations NACFB, FLA, ASTL, AOBP
Early Redemption Charges Bridging - yes first month only, development - no
Investment Bridging and structured - yes, development - build-to-let
Owner-occupied Bridging and structured - yes, development - no
Interest-only Options Bridging and structured - yes, development, no
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