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                                    Product types Bridging, short-term investment, development exit, light refurbishment (for residential properties only)Charges 1st and 2nd Funding model Shareholders / balance sheet capitalFCA regulated NoInterest range Bridging and term from 5.50% margin / Refurbishment from 7.00% marginFixed/variable interest Variable (BoE Base) and fixed optionsTreatment of interest & default interestInterest can be rolled up or serviced. Default rates are agreed on a case-by-case basisSectors All residential and commercial sectors consideredMax LTV 75%Max LTGDV 75%Max LTC 90%Min & max loan term 3 months – 24 monthsMin & max loan size £1.5m to £75.0mMin property value No minimumValuation retypes NoRental calculations & exposure N/A – interest shortfall agreed on a case-by-case basisGeographical lending areas England, Wales, ScotlandTypes of valuation accepted Red book and retypesNew builds YesHeavy Refurb Yes, subject to refurb loan being less than 50% of initial loanGrade listed buildings YesGreen/Sustainable product Not at presentPlanning permission needed Lending assessed on current use valueCommission rate Agreed on a case-by-case basisAssociations/Charters NoTypes of landlords accepted Individual and Corporate, including overseas CorporatesUpfront fees YesBroker portal NoEarly redemption charges No (subject to minimum interest periods)Investment YesOwner occupied No, unregulated onlyElectronic signatures accepted Yes, dependent on document typeLending on land YesLender Index | 35
                                
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