Lending Criteria
| Loan Size |
Minimum £50,000 (unless part of a bigger deal)
Maxmium £3,000,000 |
| Loan To Value (LTV) | Up to 75% of the Open Market Value. |
| Timescales | Typically 4 - 5 days. With more active clients funds can be released within 48 hours. |
| Property Type | All Freehold and Long Leasehold (with a minimum of 75 years remaining on the Leasehold) in England, Scotland and Wales. |
| Loan Type | Short Term Bridging Loan. |
| Interest Servicing | Interest can be rolled up for the initial loan period and then serviced monthly. |
| Term | Minimum of Two months. |
| Acceptable Borrowers | Individuals, Partnerships, Limited Liability Companies. |
| Arrangement Fees | 2% (added to the advance upon completion). |
| Acceptable Security | Residential Houses, Apartments, Office Buildings, Shops, Industrial Property, Leisure and Health Clubs, Development Land, developments, Bars, Restaurants, Hotels, All types of Investment properties. |
| Valuation | We provide a list of over 20 approved firms of valuers with whom our customers can talk directly to agree timescales and fees. |