| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£483,600 | 7.5% | 62.0% | 11 months |
|---|
The property is an ex local authority house built in the accepted manner of buildings of this type and age having cavity brick external walls, mainly timber suspended timber floors under a tiled roof.
The property is constructed in the 1970s and has been converted into a number of studio rooms.
The property is situated in a predominantly residential area 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 drive away in Peckham.
The borrower intends to repay the loan by selling the security property after completion of works.
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