| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£312,500 | 6.0% | 50.0% | 8 months |
|---|
The property is a four storey semi-detached house converted into 8 flats constructed in the 1930s. There has been an extension to the rear elevation constructed with cavity brick walls under an artificial slate roof.
The property has a front, side and rear garden covered in gravel with a bike shed for occupants and ample parking spaces.
The property is situated in a residential street close to all local amenities and transport services. The properties in the street are generally of a similar nature.
The area is popular with families and in particular commuters due to the access to central London via the local train service.
Shopping, entertainment and transport services are a short walk away in Norwood.
We have provided another loan for £312,500 for 8 months relying on the above security this is the reason the LTV is at 50.0%.
The borrower intends to repay the loan by refinancing with a mainstream lender.
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