RESIDENTIAL
Fixed Fee

Residential Fixed Fee bridge for property acquisitions within the M25, valuation and legal fees are fixed for clarity and certainty of costs when budgeting.

LOAN: £250k - £1.5m

LTV: Up to 75%

LTP: Up to 90%

TERM: Up to 12 months

INTEREST: Retained, Part-Serviced or Serviced

RATES: From 0.65% pm (typical)

ARRANGEMENT FEE: 2% of Gross facility

EXIT FEE: Nil

VALUATION FEES

Purchase Price                       Fee
£100,000 - £300,000 £550.00
£301,000- £600,000 £650.00
£601,000 - £700,000 £750.00
£701,000 - £900,000 £850.00
£901,001 - £1,000,000 £950.00
All fees are excluding VAT

 

Legal Fees

Sole Representation
(Purchase or Refinance including auction purchases)
Loan Fee
Up to
£749,999
£1,499
£750,000-£1m   £1,999

Dual Representation
(Purchase or Refinance excluding auction purchases)
Loan Fee
Up to
£749,999
£1,999
£750,000-£1m   £2,499
The above stated fixed fee is on the basis of a UK based corporate or individual borrower charging a single freehold or leasehold vacant property with standard security requirements. All figures are excluding VAT and any reasonable disbursements.

LIGHT REFURBISHMENT
Fixed Fee

Light Refurbishment Fixed Fee bridge for non-structural works to properties within the M25, valuation and legal fees are fixed for clarity and certainty of costs when budgeting. Refurbishment costs can either be lender-funded or self-funded.

LOAN: £250k - £1.5m

LTV: Up to 75%

LTP: Up to 90%

TERM: Up to 12 months

INTEREST: Retained, Part-Serviced, Serviced or can be rolled if refurb costs are lender-funded

RATES: From 0.65% pm for self-funded & 0.75% pm for lender-funded

ARRANGEMENT FEE: 2% of Gross facility

EXIT FEE: Nil

VALUATION FEES

Purchase Price                            Fee
£100,000 - £300,000 £550.00
£301,000- £600,000 £650.00
£601,000 - £700,000 £750.00
£701,000 - £900,000 £850.00
£901,001 - £1,000,000 £950.00
All fees are excluding VAT

 

Legal Fees

Sole Representation
(Purchase or Refinance including auction purchases)
Loan Fee
Up to
£749,999
£1,499
£750,000-£1m   £1,999

Dual Representation
(Purchase or Refinance excluding auction purchases)
Loan Fee
Up to
£749,999
£1,999
£750,000-£1m   £2,499
The above stated fixed fee is on the basis of a UK based corporate or individual borrower charging a single freehold or leasehold vacant property with standard security requirements. All figures are excluding VAT and any reasonable disbursements.

WORKS

Light Refurbishment Bridging is offered for residential properties that require non-structural work or non-residential properties where change of use to residential is allowed within prior approval or permitted development rights. No significant alterations to any of the load bearing structure or changes to the overall covered area of the property are permitted. Following works by qualified trades people may be permitted within our Refurb Light facility:

  • Installation of new windows & doors – FENSA approved where applicable
  • Installation of new central heating system (including boiler)
  • Re-wiring
  • Re-plastering of internal walls and wall coverings
  • Superficial repairs to external walls, driveways etc
  • Installation of new kitchen and bathrooms
  • Removal of non-load bearing walls
  • Installation of new floors / floor coverings
  • Installation of new roof coverings
  • General painting and decorating
  • General improvements to / landscaping of gardens.
TOP