0164CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£450,000 7.0% 56.0% 11 months
Assigned
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Additional Info

DRAWDOWN DATE : 12/08/2016
REDEMPTION DATE : 12/07/2017
FULL TERM OF THE LOAN : 11 months
INVESTMENT PERIOD : 11 months
CURRENT PROPERTY VALUE: £595,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Freehold

The subject property comprises what was originally a 2-Storey 3 bedroom semi-detached house which has been altered and adapted to create two self-contained flats (one on ground floor providing 1 bedroom and the other on first floor with 2 bedrooms). The property dates to the 1930’s. Each flat has its own entrance door.

 

The property is of traditional construction with solid brick walls and a part pebbledash render finish to the upper floors under a hipped and pitched tiled roof.

 

The subject property is located close to its junction with the High Road within an established residential location in Whetstone.

 

The borrower intends to repay the loan by refinancing.