Published 19/10/2012By Neil Patterson, partner of Property118 responsible for operational management
The Loan Directory is a regular feature publishing competitive and innovative product offerings to help clients identify appropriate funding facilities.
In this third publication we provide a selection of the most competitive deals on offer in respect of Short-Term and Bridging Loans. Market leading features are highlighted for easy reference.
P118 Short-Term and Bridging Loans Directory:
In association with Brooklands Commercial Finance Ltd
Brooklands is a whole of market broker with access to semi-exclusive arrangements with various lenders.
Click here to see the Development Finance Loan Directory
Click here to see the Commercial Finance Loan Directory
| Loan Size | LTV | Interest Rate ? | Arrangement Fee | Term (Min/Max) | Purpose/Features | ||
| Short-Term Loans for Purchase of Residential, Commercial & Mixed Use Properties. | |||||||
| ?75k ? ?2.5m | Up to 70% | From 0.7% per month | 1.95% | 3 months 18 months | No Exit FeeAuction purchase.Refinance of recent unencumbered purchases. | ||
| Short-Term Loans for Light Refurbishment. Purchase of Residential & Mixed Use Properties | |||||||
| ?75k ? ?2.5m | Up to 70% | 0.84% per month | 1.95% | 3 months 12 months | No Exit FeeProperty must be habitable.No changes in planning /regs.No major structural changes. | ||
| Medium Term Loans for Light Refurbishment. Purchase of Residential Properties. | |||||||
| ?75k ? ?2.5m | Up to 70% | 0.53% Per month | 2.50% | Up to 5 yrs. Int. only. or cap. & int. | No Exit FeeProperty must be habitable.No changes in planning /regs.No major structural changes. | ||
| Bridging Finance | |||||||
| ?150k ? ?5m | Up to 70% | 1.5% per month | Nil | 1 month 12 months | No Exit Fee.Residential properties.London & South East.Credit impairment considered. 1st & 2nd charges. | ||
| ?50k ? ?2m | Up to 70% | 0.91% per month | 2.0% | 1 month 12 months | No Exit Fee.Residential properties.Lower rate of 0.83% for serviced loans. | ||
| ?50k ? ?1m | Up to 65% | 1.5% per month | 2.0% | 1 day 12 months | Auction purchases.England & Wales.Loan based on open market value.Exit Fee 1.5% of loan. | ||
To discuss any commercial deal please call us on 01603 489118 or email info@property118.com
For Development finance please click here.
For Commercial mortgages please click here.
For Bridging finance please click here.
If you would like to add your own requirements and search for the most popular available Buy to Let products please click here
About Neil Patterson
Neil's career began in banking in 1990. He has also managed a building society branch and worked in business development. He became an Associate Partner of The Money Centre in 2003 and subsequently took on the role of Head of Operations which included training, quality control, project management and compliance. Neil has been a Partner of Property118.com since day one, responsible for operational management which includes, amongst many other things, updating the buy to let mortgage sourcing calculator and quote engine.
View all Neil's Articles
Source: http://www.property118.com/index.php/bridging-loans/33130/
how to make it in america how to make it in america schweddy balls schweddy balls bill conlin kendall jenner plane crash
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.