0159CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£312,500 6.0% 50.0% 8 months
Assigned
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Additional Info

DRAWDOWN DATE : 01/08/2016
REDEMPTION DATE : 31/03/2017
FULL TERM OF THE LOAN : 8 months
INVESTMENT PERIOD : 8 months
CURRENT PROPERTY VALUE: £1,250,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Freehold

The property is a four storey semi-detached house converted into 8 flats constructed in the 1930s. There has been an extension to the rear elevation constructed with cavity brick walls under an artificial slate roof.

 

The property has a front, side and rear garden covered in gravel with a bike shed for occupants and ample parking spaces.

 

The property is situated in a residential street close to all local amenities and transport services. The properties in the street are generally 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.

Shopping, entertainment and transport services are a short walk away in Norwood.

 

The borrower intends to repay the loan by refinancing with a mainstream lender.