Weybridge Residential Redevelopment Loan - Stage 2
Loan to fund the redevelopment and extension of a 4-bedroomed detached house in a popular residential location in Weybridge, Surrey.
Loan Amount
£250,000
Loan Term
10 months
REPAID
Lender Interest Rate
8.5%
Loan To Value (LTV)*
59%
Key Loan Details
Annual interest
£25,000
Security
1st Legal charge
Guarantee
Personal guarantee for a the full sum of capital and interest due under the loan
Interest serviceability
Interest retained from loan proceeds for the term of the loan
Capital Repayment
From the sale of the completed property
Purpose of loan
Redevelopment
Key Property Details
Valuation
£1,320,000
Use
Residential
Location
South East
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