Edinburgh (Slateford House) Residential Bridging Loan


Bridge to purchase the property prior to conversion into 8 apartments

Interested in this loan? Check the Resale Marketplace for availability

Loan Amount
£256,500
Loan Term
12 Months
Lender Interest Rate
6.75%
Loan To Value (LTV)*
41%
Key Loan Details

Annual interest
£17,313.75

Security
1st Legal Charge

Guarantee
Personal Guarantees from the directors for £65,000 plus interest due under the loan

Interest serviceability
Interest to be retained

Capital Repayment
Refinance onto a Development Product

Purpose of loan
Bridging
Key Property Details

Valuation
£630,000

Use
Residential

Location
Edinburgh
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Relendex Limited is registered in England, Company Number 07486328
Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

Important Notice

Relendex Limited is authorised and regulated by the Financial Conduct Authority (FRN: 723117).

Lenders participating in these arrangements should be clearly aware that any sum lent through the Exchange is a loan and not a deposit and its repayment is not guaranteed. It is in the nature of an investment opportunity. Any investor should consider an appropriate spread of risk. Non-institutional investors should seek professional advice before lending through the Relendex Exchange.

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