0187CF
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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£700,000 7.00% 62.2% 6 months
Assigned
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Additional Info

DRAWDOWN DATE : 22/12/2016
REDEMPTION DATE : 22/06/2017
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 6 months
CURRENT PROPERTY VALUE: £1,125,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Freehold

The first security property is a Victorian three bedroom, two storey terrace house built in 1910 with double bay to front, with a single storey extension and is of traditional construction. The property has front and rear gardens.

 

The property is a spacious accommodation and it is located on a residential street with house of similar and construction.

 

Property’s construction is solid brick walls and the windows are fully doubled glazed.

 

The property is within 1.5 mile to Manor Park station, which is serviced by TFL rail and part of the cross rail project and within half a mile to East Ham station, which is serviced by the district line.

 

The second security property is a two storey, three-bedroom house built in 1930s, with a single story extension and is of traditional construction. Front and rear gardens exist.

 

The proposed property is situated opposite a secondary school, on a residential street with similar houses.

 

It is a spacious accommodation, constructed in solid brick walls.

 

Newbury Park is a district of Ilford in North-East Greater London, situated in the London Borough of Redbridge. The subject property is within ½ mile away from Newbury Park Tube Station which is serviced by the central line.

 

The third security property is a two storey, three bedroom mid terrace Victorian house built in 1900 and is of traditional construction.

 

The property is located in a quiet residential street with houses of similar age and construction and close to shops, leisure facilities and to all local amenities.

 

The accommodation is spacious at a tree lined Victorian terrace street.

 

It is situated within 1 mile from Ilford mainline train station which is serviced by TFL rail and is part of the cross rail project.

 

The borrower intends to repay the loan by refinancing.