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Hitchin Residential Bridging Loan

To refinance a development site in Offley, near Hitchin, Herfordshire and complete phase 1 infrastructure and foundation works only for a single detached house of 3,500 sq ft ahead of subsequent further works to complete the house in 2019.

Loan Amount
Loan Term
9 months
Lender Interest Rate
Loan To Value (LTV)*
Key Loan Details

Annual interest

1st Legal charge

Personal guarantee from the directors for all sums due under the loan.

Interest serviceability
From retained loan proceeds for 6 months of the proposed 9 month term and thereafter by the Borrower.

Capital Repayment
From refinancing by a new development loan with Relendex before expiry of the term.

Purpose of loan
Key Property Details



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