| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£60,000 | 7.5% | 53.2% | 11 months |
|---|
The property is a purpose built flat believed to have been built in 1960. The construction is cavity brick with solid concrete floors all under a flat roof.
The subject property is situated over the Ground and First floors with a rear garden.
The property is situated in a predominantly residential area close to all local amenities and transport services with Forest Gate National Rail station a short walk away. The properties in the street and 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 drive away in Stratford.
The borrower intends to repay the loan by refinancing with a mainstream lender, upon the completion of refurbishment.
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