Loan Sizes

Single Property Assets : £500K - £3m

Portfolio Properties/Blocks £500K - £6m

Security

1st or 2nd legal charge over the property/properties

Asset Type

New build | Light refurb | Conversions | HMO's, blocks & rental portfolios | Mixed use properties (50% minimum residential mix)

Loan Uses

Residential acquisition | Residential refinance | Light refurbishment | Development exit | Development holding

Property Tenure

Freehold or long leaseholds (+ 125 years remaining on the lease, subject to our valuer’s comments)

Max LTV

Up to 70% of the lower of the 180 day value or the purchase price of the property. Max gross LTV per single loan: 70%.

Purchase finance max lending is the lower of 70% of the lower of purchase price or valuation.

Special situations on a bulk purchase with significant discount, we may consider up to 75% LTPP.

Loan Term

3 - 18 months (Maximum 3 month extension)

Locations

England & Wales | Prime London - within M25 area

Major cities within the UK with population of 300k or greater

Interest

From 0.79% per month

Treatment of Interest

Fully retained or serviced monthly

Arrangement & Exit Fees

Arrangement fee - from 1% of loan facility | Exit fee - loan dependent

Guarantees

PG’s for all lending

Conditions

Borrower must have hard cash equity invested in the asset

Borrower must have relevant experience in residential investment

Property must currently hold an EPC C or higher or provide evidence that the property will hold an EPC C or higher after the works to the property are complete

Second charges considered for properties valued above £500k