482E8k – Stockport

482E8k – Stockport

  • Post Code of Security :Stockport

  • Total Security Value :£235,000

  • Loan Required :£120,000

  • UK Best Investment Contribution (35%) :£42,000

  • Investors Contribution (65%) :£78,000

  • Investors Annual Return :(5%)

  • Minimum Term :24 Months

  • Final LTV :58%

  • Fees :£1,000

Interested?

No

Details

All investments will be sourced by FCA regulated brokerage, UK Property Finance, who will perform the initial underwriting checks, prior to forwarding to UK Best Investments. A stringent underwriting process is then followed before funding. Basic underwriting principles will be followed i.e.
  • Valuation performed by RICs qualified & insured surveyor
  • Confirmation will be obtained from a suitably qualified and indemnified solicitor ensuring that all is in place to allow a charge to be entered onto the land registry title of the security.
  • Total loan including fees and added interest will not exceed 70% LTV (loan compared with the value of the security).
  • 1st & 2nd charge FCA regulated & unregulated bridging and light refurbishment (not structural) loans.
  • Secured on qualifying mainland England & Wales residential & commercial properties and land.
  • Max terms of 12 months for regulated loans, 18 months and above for unregulated.
  • Max loan size of £1million.  Minimum loan size of £25,500.
  • Minimum property valuation is £150,000.
  • Interest can either be rolled up and repaid in one lump sum when the loan is repaid or can be serviced, (providing the client has sufficient prove-able income).
 

Interested?

No