Ingatestone Residential Bridging Loan
A bridging loan secured against a substantial Grade II residential property in Essex to support the purchase of another investment property in London.
Loan Amount
£500,000
Loan Term
9 months
REPAID
Lender Interest Rate
8%
Loan To Value (LTV)*
31%
Key Loan Details
Annual interest
£50,000
Security
1st legal charge
Guarantee
Personal guarantee for the full capital and interest due
Interest serviceability
Interest retained from loan proceeds for the term of the loan
Capital Repayment
From the refinance of the security property or sale proceeds
Purpose of loan
Bridging
Key Property Details
Valuation
£1,600,000
Use
Residential
Location
South East
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