Windsor (Mounts Hill) Residential Development Stage 1 Loan
Completion of the comprehensive redevelopment and extension of a single detached, 4-bedroom house on a c.1-acre plot in Windsor
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Loan Amount
£340,000
Loan Term
12 Months
Lender Interest Rate
6.75%
Loan To Value (LTV)*
33%
Key Loan Details
Annual interest
£22,950
Security
1st Legal Charge
Guarantee
The loan is in the personal names of the borrowers and thus there is full recourse to them personally for all sums due under the loan
Interest serviceability
Interest will be payable quarterly in arrears from proceeds retained from the loan
Capital Repayment
Sale of the property on completion
Purpose of loan
Development
Key Property Details
Valuation
£1,700,000
Use
Residential
Location
South East
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