Minimum Loan Size
£100,000
Maximum Loan Size
£3,000,000
Minimum Term
3 months
Maximum Term
18 months
Legal Charge
1st charge only
Maximum LTV
65%
Interest Rate
from 0.55% per calendar month
Arrangement Fee
2%
Legal Fees
min £750 +VAT + disbursements
Application Fee
none
Early Redemption Charge
none after 3 months of loan
Exit Fee
none
Additional Information
> Loan based on Open Market Valuation
> Interest calculated on a daily basis
> Interest can be retained, rolled up or serviced subject to LTV
> Minimum age: 18, maximum age: 75
> Maximum number of applicants: 4
> Overseas nationals considered
> UK and offshore Limited Companies considered
> All Limited Company applications will require directors’ personal guarantees
> Impaired credit cases considered