Loan Details - Farnham Residential Redevelopment Loan

LOAN AMOUNT
£420,000
LOAN TERM
15 months
Days to Repayment:
LENDER INTEREST RATE
8.75% p.a.
LOAN TO VALUE (LTV)
65%
Farnham Residential Redevelopment Loan

Loan to refinance and convert a barn in an attractive and wealthy location on the Hampshire/Surrey border near Farnham into a 2-bedroomed detached bungalow for re-sale.

Interested in this loan? Check the Resale Marketplace for availability
KEY LOAN DETAILS
Annual interest:
£42,000
Security:
1st legal charge
Guarantee:
Yes - Full personal guarantee as the loan is in personal names
Additional collateral:
No
Interest serviceability:
From retained loan proceeds
Capital repayment:
From the net proceeds from the sale of the redeveloped property
Purpose of loan:
Refinance
KEY PROPERTY DETAILS
Valuation:
£650,000
Use:
Residential
Location:
Hampshire

Important Notice

 

Relendex Limited is regulated in the United Kingdom by the Financial Conduct Authority and entered on the Financial Services Register - FRN 723117.

 

Lenders participating in these arrangements should be clearly aware that any sum lent through the Exchange is a loan and not a deposit and its repayment is not guaranteed. It is in the nature of an investment opportunity. Any investor should consider an appropriate spread of risk. Non-institutional investors should seek professional advice before lending through the Relendex Exchange.
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