Hemel Hempstead Residential Development Loan (Stage 1 of 2)

To refinance and demolish an existing bungalow property in Hemel Hempstead, Hertfordshire and build a pair of 3-bedroomed chalet style bungalows.

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Loan Amount
Loan Term
15 months
Lender Interest Rate
8.5% p.a.
Loan To Value (LTV)*
Key Loan Details

Annual interest

1st legal charge

Full guarantee from the Borrowers for all sums due under the loan

Interest serviceability
From retained loan proceeds for the term of the loan

Capital Repayment
From 100% of the proceeds of sale and/or refinancing of the Properties on completion of the development works

Purpose of loan
Refinance & Development
Key Property Details

£1,100,000 (confirmed valuation for Relendex on full drawing of the ultimate loan of £675,000 and assuming completion of all works)


North East
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Registered Office: 99-100 Turnmill Street, London. EC1M 5QP

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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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