| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£70,000 | 6.0% | 25.5% | 6 months |
|---|
The property is a 3 bedroom detached house constructed in the traditional manner for properties of this type, having cavity brick external walls under a tiled roof. The property was constructed approximately 2 years ago on a small ‘garden site’ in Nickleby Close.
The upper floors are suspended timber, the ground floor is solid concrete. Internally it is finished to a generally good standard with wooden flooring throughout and reasonable quality kitchen and bathroom fittings.
The property is arranged over three floors, the third floor being constructed within the roof space. The house has the benefit of solar panels helping reduce energy costs.
The subject property is situated on an established residential estate in Thamesmead which is a relatively new substantial area of housing and is located just to the North of Woolwhich.
It should be noted that the borrower has several other properties located in the area of the security property.
The borrower intends to repay the loan by selling the security property.
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