Loan Details - Weybridge Residential Bridging Loan

LOAN AMOUNT
£530,000
LOAN TERM
12 months
Days to Repayment:
LENDER INTEREST RATE
8.5% p.a.
LOAN TO VALUE (LTV)
63%
Weybridge Residential Bridging Loan

To finance the purchase of a 4-bedroomed detached house in a popular residential suburb of Weybridge, Surrey.

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KEY LOAN DETAILS
Annual interest:
£83,500
Security:
1st legal charge
Guarantee:
Personal guarantee from the Borrowers for all sums due under the loan
Additional collateral:
No
Interest serviceability:
From retained loan proceeds for 6 months of the term and thereafter the Borrowers
Capital repayment:
Refinance of the property on to a development loan with Relendex
Purpose of loan:
Refinance
KEY PROPERTY DETAILS
Valuation:
£835,000
Use:
Residential
Location:
South East

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.
View Notice in full

 

Relendex Limited is registered in England, Company Number 07486328 Registered Office: Ground Floor, 45 Pall Mall, St James’s London, SW1Y 5JG

 

Relendex Limited is registered under the Data Protection Act, Registration Number PZ2708231

 

 


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