| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£260,130 | 7.0% | 59.8% | 11 months |
|---|
The property is an end terraced ex-local authority three bedroom house.
The building is constructed in traditional 295mm brick cavity walls with a hipped interlocking terracotta clay tiled roof.
The accommodation comprises a sectioned off reception area and tired and dated kitchen at ground floor, and three bedrooms and dated bathroom/WC at first floor level. The property has a good ceiling height of at least 2.5 metres.
The property is located just off Kingsley Road within the London Borough of Hounslow in an area close to Hounslow East underground station.
The surrounding area is a mix of Victorian, Edwardian terraced and semi detached housing as well as more recent 1950’s ex-local authority housing.
The purpose of the loan is to facilitate two London based individuals for the acquisition of a residential investment property for letting out.
The borrowers own a substantial number of other properties in London that they rent out and intend to repay the loan by refinancing the security property with a mainstream bank.
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