Finance Packages for Mortgage Brokers and Introducers Call now for Mortgage and Finance Broker Services
Commercial Finance for Mortgage and Finance Brokers Homepage Finance Broker and Mortgage Broker Case Studies Testimonials from Finance Brokers and Mortgage Brokers Lending Criteria for Bridging Finance Services Apply Online for Bridging Finance Mortgage Brokers and Finance Brokers contact First Property Finance for information
 
First Property Finance Lending Criteria for Bridging Products
Back to home page Contact us Back one page
 

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.
Home  |  Case Studies  |  Testimonials  |  Lending Criteria  |  Apply Online  |  Contact FPF
 
Web by Dynamics Media
*We respect your email privacy and promise to never sell, barter, share or rent your email address to any unauthorized third party. Period! By submitting your email address you will receive our information and enquiry pack and are also requesting and agreeing to be subscribed to our occasional educational newsletters on from which you may unsubscribe at any time.