Omni CapitalRefurbishment Bridge Loan
For intermediary use only.
| 1st Charge | 2nd Charge | |||||
|---|---|---|---|---|---|---|
| Maximum LTV | 40% | 55% | 75% | 35% | 55% | 70% |
| Interest Rate (from) | 1.10% | 1.30% | 1.45% | 1.25% | 1.45% | 1.60% |
| Maximum Loan Size | £7,500,000 | £7,500,000 | £7,500,000 | £5,000,000 | £5,000,000 | £5,000,000 |
| Minimum Loan Size | £100,000 | £100,000 | £100,000 | £100,000 | £100,000 | £100,000 |
| Arrangement fee (%) of which: | 2.00% | 2.00% | 2.00% | 3.00% | 3.00% | 3.00% |
| Introducer’s Fee (paid) |
0.75% |
0.75% | 0.75% | 1.50% |
1.50% |
1.50% |
| Lender’s Fee (retained) | 1.25% | 1.25% | 1.25% | 1.50% | 1.50% | 1.50% |
| Maximum Term | 24 months | 24 months | 24 months | 24 months | 24 months | 24 months |
| Minimum Term | 1 month | 1 month | 1 month | 1 month | 1 month | 1 month |
| Redemption Charge | nil | nil | nil | nil | nil | nil |
| Min. Property Value | £350,000 | £350,000 | £350,000 | £350,000 | £350,000 | £350,000 |
| Retained Int. Available | Yes | Yes | Yes | Yes | Yes | Yes |
| Min. Rental Coverage | N/A | N/A | N/A | N/A | N/A | N/A |
Loan Criteria
Available for all post codes in London and the South East of England.
Non-regulated owner occupied or investment properties only.
No Early Redemption or Exit fees payable.
On all loan terms over 12 months, Omni Capital will require 3 months written notice if the loan is to be redeemed within the first 12 months.
Where purchasing at a discount would lend up to a maximum of 85% of purchase price (provided the loan advance does not exceed the maximum LTV levels when looking at the Open Market Value).
Full schedule of works, including costs and timelines, which will be reviewed by the valuer and our appointed QS as required.
Loans may be structured as an agreed facility with advance of funds in tranches on a staged release basis.
All Planning Permission and Building Regulations must be adhered to at all stages of refurbishment work.
To discuss a refurbishment bridging loan, please contact a member of our team.