0193CF
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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£1,195,000 7.50% 63.7% 6 months
Assigned
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Additional Info

DRAWDOWN DATE : 18/01/2017
REDEMPTION DATE : 18/07/2017
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 6 months
CURRENT PROPERTY VALUE: £2,115,000
SECURITY : 1st charge
PROPERTY TYPE : Commercial/Residential
TENURE: Freehold

Property 1. Comprises a semi-detached early-mid 20th Century dwelling which has an attached annexe. The building is of solid brick, part rendered construction with a hipped tiled roof.

 

The house has five bedrooms and three bathrooms including the annexe.

 

There is an integral single garage and a parking area to the front of the house. To the rear is a large garden with natural swimming pool. There is also a summer house at the very rear.

 

Property 2.  Comprises a two storey framed building clad in brick with a flat roof and probably dates from the early 1950’s.

 

The building has solid floors and the ground floor is used as a tyre bay. The upper parts were formerly offices but are now converted to three/four bedrooms, two reception rooms, a kitchen and a shower room with wc. There is a separate access to the first floor via a front entrance door and stairs.

 

Property 3.  Comprises an end-terrace house constructed in the 1930’s

having brick external walls covered in render, under a pitched roof covered in

tiles, with mainly suspended timber floors. There is one double bedroom and two single bedrooms as well as a family bathroom.

 

All the above properties are situated within close proximity to local transport links and amenities.

The borrower intends to repay the loan by refinancing.