UK Residential Bridging Finance from First Property Finance plc
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Residential Bridging Finance Lending Criteria

Acceptable Security
and LTV

  First Charge Second Charge
Freehold Residential 80% OMV 70% OMV
Leasehold Residential
 80% OMV 70% OMV
Semi Commercial
(bricks & mortar)
 70% OMV 65% OMV
Commercial Property
(bricks and mortar)
 70% OMV 65% OMV
Residential Land
with detailed planning consent
 65% OMV N/A

Minimum Loan

 £26,000

Maximum Loan

 £1,000,000 (loans above £500,000 will be individually assessed)

Minimum Property Value

 £100,000

Minimum/Maximum Term

 1 month / 6 months (Longer loans will be individually assessed)

Interest Roll-up Facility

 On same terms except deduct interest payable over the period of the loan

Geographical Spread

 England, Scotland & Wales

Borrower Status

 Non Status Facility
Voter's role search or proof of U.K. residency
National insurance number
Two recent utility accounts
Passport/photo style driving licence
Limited Companies accepted with Personal Guarantees from Directors

Income required

 Self Declaration of Income facility

Completion fee

 1% payable on completion (Minimum £1,000)

Legal Fees

 £750 payable on completion (England & Wales)
£500 payable on completion plus Land Registry fees (Scotland)

Exit fee

 Negotiable based on credit assessment of each individual case

Valuation Fee

 At cost by our Panel Valuer

Broker's Commission

 ½% (Minimum £500.00, payable on completion)
¾% if there is an exit fee

Independent Legal Advice

 All loans to borrowers 65 years and over must be witnessed by a solicitor

Contacts

 Dorian Nineberg/Daniel Baum
Tel: 0845 260 3366   Fax: 0845 260 3367
e-mail: info@firstpropertyfinance.com
Website: www.firstpropertyfinance.com
FPF Short Term Finance Application Form (635k PDF)
Authority to First Mortgages Form (11k PDF)
Self Declaration of Affordability (26k PDF)
  Authorised & Regulated by the Financial Services Authority -
Your home may be repossessed if you do not keep up repayments on your mortgage.
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