0112CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£296,000 7.0% 49.0% 6 months
Assigned
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Additional Info

DRAWDOWN DATE : 06/08/2015
REDEMPTION DATE : 05/02/2016
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 6 months
CURRENT PROPERTY VALUE: £599,950
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Freehold

The subject property comprises a second floor self contained three bedroom flat located within a modern purpose built building constructed in 1990.

The building within which the property is located is part two and part three storey and of framed construction with facing brick walls under a multi pitched tile roof. The block within which the subject property is located provides 11 self contained residential units, with three on the ground, first and second floors and two on the third floor. The subject property is located on the top (second) floor of the part of the building within which it is located.

The building has the benefit of a lift with the common parts being well presented (shared entrance hall and landings). 

With regard to external accommodation the property has a balcony (which is accessed from the lounge) together with a detached single garage and use of communal garden areas. The rear of the property (which has the balcony) overlooks the communal garden area.

The property is located on the second floor of a purpose built building which forms part of a larger private development located in West Hendon.

This is an established residential area with local services and facilities being within walking distance / a short drive of the property. This includes public transport with a bus stop outside the property and Mill Hill London underground station being less than 1 mile away.

 

The borrower intends to repay the loan by selling another London property.