Page 111 - Demo
P. 111


                                    Product types Residential development only (can include up to 15% of GDV as commercial)Charges 1st Funding model Insitutional funding FCA regulated NoInterest range From 8%Fixed/variable interest Either Treatment of interest & default interestRolled-up interest. Default interest rate is charged as the prevailing rate +4% when applied Sectors Residential development and development exitMax LTV 75%Max LTGDV 75%Max LTC 90%Min & max loan term 6–30 monthsMin & max loan size £500k-£10mMin property value N/AValuation retypes Yes/noRental calculations & exposure N/AGeographical lending areas EnglandTypes of valuation accepted Red Book from panel of valuersNew builds YesHeavy Refurb YesGrade listed buildings YesGreen/Sustainable product Discount available for delivering homes rated EPC B or above Planning permission needed YesCommission rate 1%Associations/Charters N/ATypes of landlords accepted N/AUpfront fees YesBroker portal NoEarly redemption charges YesInvestment NoOwner occupied NoElectronic signatures accepted YesLending on land NoLender Index | 111
                                
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