0146CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£371,000 8.0% 70.0% 6 months
Assigned
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Additional Info

DRAWDOWN DATE : 31/03/2016
REDEMPTION DATE : 30/09/2016
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 6 months
CURRENT PROPERTY VALUE: £530,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Freehold

The property is a semi-detached 3 bedroom house, constructed in the 1930s. It is of traditional construction having cavity brick external walls, finished with rendering under a tiled roof with mainly suspended timber floors. There is a single garage adjacent to the property.

Once the property is refurbished to an excellent standard there would be a high demand either from owner occupiers or for letting purposes.

The property is situated in a predominantly residential area close to all local amenities and transport services. The properties in the street are of a similar nature. The area is popular with families and in particular commuters due to the access to central London via the local train service.

The North Circular Road is approximately six minutes’ drive away, providing virtually direct access to the National motorway network.

The borrower intends to repay the loan by refinancing.