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Fine Prime Investment |
Near Prime Investment |
Non Conforming Investment |
| Income Verification & Status |
FRI Lease(s) or AST(s) |
FRI Lease(s) or AST(s) |
Non standard or informal lease, or licence tenancy |
| Below 60% |
2.00% to 2.50% |
2.50% to 3.00% |
3.50% to 4.00% |
| 60% to 65% |
2.25% to 2.75% |
2.75% to 3.25% |
3.50% to 4.00% |
| 65% to 70% |
2.50% to 3.00% |
3.00% to 3.50% |
3.75% to 4.25% |
| 70% to 75% |
2.75% to 3.25% |
3.25% to 3.75% |
4.00% to 4.50% |
| 75% to 80% |
3.00% to 3.50% |
3.50% to 4.00% |
n/a |
| Advance Size |
| £100k to £750k |
80% max |
80% max |
75% max |
| Credit profile |
| Adverse Credit |
No adverse credit |
Historical adverse credit and CCJs, generally up to £3000 may be accepted. Loadings apply. |
Historical adverse credit and CCJs, generally up to £3000 may be accepted. Loadings apply. |
| Mortgage Arrears |
No past arrears |
Past arrears may be accepted. Loadings apply. |
Past arrears may be accepted. Loadings apply. |
| Loadings |
| Arrears loading |
n/a |
1 month last 12 add 0.25%
2 months last 12 add 0.50% |
1 month last 12 add 0.25%
2 months last 12 add 0.50% |
| CCJ's Loading |
n/a |
1-2 last 3 years add 0.25%
1-2 last 12 months add 0.50% |
1-2 last 3 years add 0.25%
1-2 last 12 months add 0.50% |
| Bank Conduct |
| Bank Conduct |
Satisfactorily maintained |
Satisfactorily maintained |
Satisfactorily maintained |
| Income/Serviceability |
| DSR - Debt Service Ratio |
DSR 110%
of annual rent. Lease or AST in place or vacant and in demand |
DSR 110%
of annual rent. Lease or AST in place or vacant and in demand |
DSR 130%
of annual rent. Lease or AST in place or vacant and in demand
Additional support by way of income declaration |
| Repayment Options |
| Capital & Interest |
5 years to 30 years |
5 years to 30 years |
5 years to 30 years |
| Interest Only |
Subject to DSR & LTV (Max 80%) |
Subject to DSR & LTV (Max 80%) |
Subject to DSR & LTV (Max 75%) |
| Repayment Holiday |
Subject to DSR & LTV (Max 80%) |
Subject to DSR & LTV (Max 80%) |
Subject to DSR & LTV (Max 75%) |
| Security Requirements |
| Security |
First mortgage on freehold or long leasehold property, England, Wales. |
| Guarantee |
Where borrower is a limited company or debanture and director's guarantees are required. |
| Valuation |
Investment Valuation subject to acceptable lease, otherwise Open Market Vacant Possession Value. |
| Fees & Commissions |
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Valuation & Legal Fees |
Payable by borrower. Valuation fee individually negotiated. Legal fee scale in Product Criteria. |
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Commitment Fee |
A Commitment fee of 0.25%, minimum of £500 and maximum of £1,875 is payable upon acceptance of offer, and set off against arrangement fee on completion. |
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Lender's Arrangement Fee |
1.5% of loan amount payable on completion, may be added to the advance up to 75% LTV.
Max gross LTV 76.25%. Advances > 75% LTV fee deducted from advance. |
| Redemption Fees |
3%, 3%, 3% in years 1-3 then 1% for remainder of term |
3%, 3%, 3% in years 1-3 then 1% for remainder of term |
6%, 6%, 6% in years 1-3 then 1% for remainder of term |
| Introducer Commission |
1.00% |
1.25% |
1.50% |