0111CF
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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£328,000 7.0% 54.2% 4 months
Assigned
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Additional Info

DRAWDOWN DATE : 05/08/2015
REDEMPTION DATE : 07/12/2015
FULL TERM OF THE LOAN : 4 months
INVESTMENT PERIOD : 4 months
CURRENT PROPERTY VALUE: £605,000
SECURITY : 1st charge
PROPERTY TYPE : Residential, commercial
TENURE: Freehold

1st property:

The property is a two storey house comprising three bedrooms and is an end terrace property constructed in the 1950s on a local authority estate around cavity brick elevations under a double pitched tile roof. The ground floor is solid concrete with tile and carpet covering and the first floor is laid over suspended timber joists.

The original windows have been replaced with uPVC double glazed windows and the house has the benefit of gas central heating serving low pressure radiator system.

The property is located on a suburban residential housing estate surrounded by similar type housing which appears to be ex local authority. Within the Broxbourne administrative borough in Waltham Cross.

 

2nd property:

The subject property comprises two lock up shops at ground floor level with residential accommodation above which is currently let out as 3 bedsit rooms with shared kitchen and shower/WC facilities. Construction is traditional brick under a pitched tiled roof. The shops have timber fronts and the flat has a mix of timber and uPVC frame windows.

The subject property is located in Leighton Buzzard, Bedfordshire, a town between Milton Keynes and Luton. It is in the administrative area of Central Bedfordshire.

The railway station at Leighton Buzzard is within walking distance of the subject property within 10 minutes with regular train services to London Euston and surrounding areas.

 

The borrower intends to repay the loan by refinancing.