| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£400,000 | 6.25% | 50.0% | 6 months |
|---|
The subject mid-1950s property comprises a purpose built, two storey detached house with attached single garage to the left hand side. The house has an enclosed rear garden which is on a split level, with a patio area directly to the rear of the house, the remainder being laid to lawn.
The property is in the process of full refurbishment and modernisation to provide a high spec 5 bedroom detached house. The subject property will be finished to a high standard internally using a quality range of fixtures and fittings. The external areas will be fully landscaped and again finished to a higher than average standard.
The subject property is located in a predominantly residential area, comprising varying age, style and size houses.
This area is well served by local amenities and facilities within Wembley. Moreover the area is well served by public transportation links with a number of bus routes running.
The borrower intends to repay the loan by selling the security property.
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