| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£217,000 | 6.0% | 31.0% | 6 months |
|---|
The subject property comprises a converted mid-terrace house arranged over the ground, first and second (attic) floors and likely dating from the 1930s. The property is arranged to provide a two bedroom flat at ground floor level and a four bedroom flat arranged over the first and second (attic) floors.
The property is of traditional construction with rendered and painted, assumed solid brickwork construction under a pitched roof with concrete tile coverings.
There is a good sized garden to the rear which is mainly laid lawn and a paved driveway to the front with space for the parking of two cars.
The subject property is situated on the north side of a residential street comprising similar properties some of which, like the subject property, have been converted into flats but with majority remaining as single family dwellings. The street is situated in the Bowes, Enfield Southgate area of North London.
The director/shareholder of the borrowing company has provided a personal guarantee for the whole amount of the loan.
The borrower intends to repay the loan by refinancing.
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