0147CF
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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£216,500 8.0% 61.0% 7 months
Assigned
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Additional Info

DRAWDOWN DATE : 31/03/2016
REDEMPTION DATE : 30/10/2016
FULL TERM OF THE LOAN : 7 months
INVESTMENT PERIOD : 7 months
CURRENT PROPERTY VALUE: 1)£270,000; 2)£220,000
SECURITY : 1)1st charge; 2)2nd charge
PROPERTY TYPE : Residential
TENURE: 1)Freehold; 2)Leasehold

1st property

The subject property is a semi-detached house, two storey in design of solid brick and is conventionally built over a solid concrete ground floor and suspended timber joist on the first floor under a slate pitched roof.

In 2009 a single storey rear elevation under a mono-pitched tiled roof was erected to extend the kitchen.

The property comprises of three bedrooms and shower/WC on the first floor There is also two WC’s and a shower on the ground floor. Natural light is facilitated by uPVC windows and the house has the benefit of a gas fired boiler serving low pressure radiator system. The property has been reasonably well maintained and well presented.

The property has a long rear garden.

The property is located in a residential street, two miles south of the Luton town center. It is 30 miles northwest of London and 22 miles southeast of Milton Keynes. Luton airport and the University of Bedfordshire is based in the town.

2nd property

The property comprises a local authority built split level maisonette which occupies the top two floors of a four storey block, built around 1970.

The property is of traditional framed construction with cavity brick elevations under a pitched and tiled roof. Internally, the floors are of concrete and timber construction, with double glazed windows.

The property is situated within a local authority estate amongst properties of similar age but varying in design.

All usual local amenities are available within close proximity which includes local shops, schools and road networks

The borrower intends to repay the loan by refinancing.