TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£450,000 | 7.0% | 56.0% | 11 months |
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The subject property comprises what was originally a 2-Storey 3 bedroom semi-detached house which has been altered and adapted to create two self-contained flats (one on ground floor providing 1 bedroom and the other on first floor with 2 bedrooms). The property dates to the 1930’s. Each flat has its own entrance door.
The property is of traditional construction with solid brick walls and a part pebbledash render finish to the upper floors under a hipped and pitched tiled roof.
The subject property is located close to its junction with the High Road within an established residential location in Whetstone.
The borrower intends to repay the loan by refinancing.