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
(Purchase or Refinance including auction purchases)
| Loan | Fee |
|---|---|
| Up to £749,999 |
£1,499 |
| £750,000-£1m | £1,999 |
(Purchase or Refinance excluding auction purchases)
| Loan | Fee |
|---|---|
| Up to £749,999 |
£1,999 |
| £750,000-£1m | £2,499 |
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
(Purchase or Refinance including auction purchases)
| Loan | Fee |
|---|---|
| Up to £749,999 |
£1,499 |
| £750,000-£1m | £1,999 |
(Purchase or Refinance excluding auction purchases)
| Loan | Fee |
|---|---|
| Up to £749,999 |
£1,999 |
| £750,000-£1m | £2,499 |
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.
