| Size of Loan: |
30k – 500k (Larger Applications may be considered) |
| Term: |
Generally 3-6 months |
| Interest Rate: |
1.25% - 2% per month |
| Redemption Penalties: |
None subject to minimum term. |
| Loan to Value: |
Up to 70% of the Open Market Value |
| Security Required: |
1st Charges on Freehold or Long Leasehold (Min 60 years unexpired) |
| Application Fee: |
2% (Deducted from the advance at drawdown) |
| Legal Fee: |
£950 (Deducted from the advance at drawdown) |
| Insurance: |
General building and commercial risk policy in line with valuation |
