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1st security property
The property comprises a local authority built mid-terraced house arranged over two floors with its own rear garden, built around 1940.
The property is of traditional construction with solid brick walls under a pitched and tiled roof. Internally, the floors are of timber and solid construction. The windows are uPVC framed with double glazed units.
The property is situated within an established residential area Dagenham in East London, amongst properties of similar age, type and design.
All usual local amenities are available within reasonable distance in Dagenham Heathway, which includes local schools, local shops and public transport facilities.
2nd security property
The property is a two storey three bedroom mid terrace house constructed originally in the 1930s with conventional rendered solid brick under a double pitched slate roof.
The property is currently in the course of refurbishment and extension and is at first fix stage in most areas and the remaining items outstanding are mainly bathroom and kitchen fittings and floor coverings.
The loft has been converted under a flat felted roof and slate clad and will include an en-suite room.
The property is located ¾ miles east of the famous Tottenham Hotspur Football Stadium close to the White Hart Railway Station. Other nearby stations are Angel Road and Northumberland Park.
The nearest underground station is Seven Sisters about 2 miles south of the A10 High Road which leads into Central London 9.5 miles south west.
The area is predominantly residential. There are a few commercial properties south of the road. It is an urban area with all local amenities situated nearby including schools within half a mile and local shops within secondary parades and national users within the High Road a few hundred metres away.
The borrower is a real estate developer who is a repeat client having previously redeemed his loans with us.
The borrower intends to repay the loan by selling the security property.