Base Rate “Plus” Loan

Key Features

• Non-status
• Individuals – Partnerships - Companies
• Maximum loan - £750,000.
• Minimum loan period 6 months
• Interest Rate from Base Rate of Lloyds TSB plus 6.5 - Interest Only
• Interest only
• Early repayment charge, within first 5 years - 4.5% - 1.5% thereafter
• LTV up to 75% of 180 day market value
• Arrangement fee 1.75%
• Legal fees 0.5 % - minimum £500.00 - Maximum £2,500
• Advance legal fee - £395 (inc VAT) for 1 property and £550 (inc VAT) for multiple properties - collected at offer stage
• Addition of fees to loan up to 75% of 180 day market value

Broker Benefits

• We provide 1% commission paid on drawdown
• No up front fees
• We offer you a quick “in principle” decision
• We offer fast and flexible “underwriting”
• We endeavour to instruct any existing valuer where appropriate
• Wide range of property security throughout England, Scotland & Wales