TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£1,400,000 | £0 | 7.00% | 56.00% | 18 months |
---|
The subject property comprises of a lower ground floor that has a wine cellar and boiler room, a ground floor having a drawing room, sitting room, dining room, billiard room, study, hall, kitchen, WC, 2 bathrooms, laundry, boot room, pantry and workshop. On the first floor there are 8 bedrooms and 4 bathrooms while on the second floor there are 2 bedrooms.
The property is set in approximately 30 acres of land and gardens, including an enclosed swimming pool and tennis court. It is located on the eastern side of the town of Melksham on an elevated position and is approached by a long but shared driveway.
The borrower intends to repay the loan by selling the security property.