051CF
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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£135,000 7.5% 32.8% 3 months
Assigned
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Additional Info

DRAWDOWN DATE : 01/05/2014
REDEMPTION DATE : 31/10/2014
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 3 months
CURRENT PROPERTY VALUE: £625,000
SECURITY : •1st charge •2nd charge
PROPERTY TYPE : •Residential •Residential
TENURE: •Freehold •Freehold

1st property: The property is the two storey end house of a small terrace of three properties being constructed of blockwork with rendered elevations under sloping roofs which have been covered by tiles. It is found on an estate constructed some 10 years ago with various styles of houses together with a few bungalows. Attached on the side elevation is a single garage with an off-road parking space and to the rear is a small garage.

The property is just off Lifton centre on a modern estate comprising of mainly houses.

 

2nd property: The subject property comprises a modern, traditionally built 3 bedroom detached house dating from the 1980’s with detached garage. It is constructed of traditional cavity walls with reconstituted Cotswold stone elevations under a pitched concrete tiled roof.

The subject property is located on a small development of similar homes just off the centre of Marshfield. This is a popular residential location with good access to the usual range of amenities