| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£355,000 | 7.5% | 62.3% | 11.5 months |
|---|
The first property is a detached two storey house with 3 bedrooms on a relatively large plot of land. The property is constructed in the accepted manner for residential buildings of this type.
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 drive away in Catford.
The second property is a café with an open plan seating area, having 30 covers in the main area with a small serving area and beyond that a preparation and storage area.
Swanley is a predominantly residential area, however due to its location at the junction of the A20, which then becomes the M20 and junction 3 of the M25 motorway it is strategically located for distribution organizations.
The borrower intends to repay the loan by selling one of the properties.
BACK TO LOAN PORTFOLIO 
