Weybridge Residential Bridging Loan
To finance the purchase of a 4-bedroomed detached house in a popular residential suburb of Weybridge, Surrey.
Loan Amount
£530,000
Loan Term
12 months
REPAID
Lender Interest Rate
8.5% p.a.
Loan To Value (LTV)*
63%
Key Loan Details
Annual interest
£83,500
Security
1st legal charge
Guarantee
Personal guarantee from the Borrowers for all sums due under the loan
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
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