| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£650,000 | 6.5% | 47.5% | 10 months |
|---|
The property is a large former Victorian house built in the traditional way, having solid brick external walls, mainly suspended timber floors under a tiled roof.
The property has been converted into 8 studio flats all with en-suite facilities and a cooking area. In an addition to this, there is some communal space at the lower ground floor level and utility area. To the rear there is a relatively large garden.
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 Streatham.
The borrower intends to repay the loan by selling the security property.
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