TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£1,195,000 | 7.50% | 63.7% | 6 months |
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Property 1. Comprises a semi-detached early-mid 20th Century dwelling which has an attached annexe. The building is of solid brick, part rendered construction with a hipped tiled roof.
The house has five bedrooms and three bathrooms including the annexe.
There is an integral single garage and a parking area to the front of the house. To the rear is a large garden with natural swimming pool. There is also a summer house at the very rear.
Property 2. Comprises a two storey framed building clad in brick with a flat roof and probably dates from the early 1950’s.
The building has solid floors and the ground floor is used as a tyre bay. The upper parts were formerly offices but are now converted to three/four bedrooms, two reception rooms, a kitchen and a shower room with wc. There is a separate access to the first floor via a front entrance door and stairs.
Property 3. Comprises an end-terrace house constructed in the 1930’s having brick external walls covered in render, under a pitched roof covered in tiles, with mainly suspended timber floors. There is one double bedroom and two single bedrooms as well as a family bathroom.
All the above properties are situated within close proximity to local transport links and amenities. The borrower intends to repay the loan by refinancing. |