17 Feb 2012
The alternative presentation. [The serious one is on the web as well]
Broker FAQs
How much can I borrow?
Loans are from £150,000 to £750,000 in any one loan.
How do I apply?
Contact Richard Peak, director of Helmsley. Richard or one of the other company directors will visit the development site and meet the borrower before an offer of finance is provided.
Do you accept 2nd charges as security?
We will not accept second charges as the primary security but will look at additional sources of security if required.
What is the maximum Loan To Value (LTV)?
The maximum LTV is 50% but in some cases this can be 60% by the end of the loan period.
What are the costs involved?
There is a 3% arrangement fee (2% to Helmsley and 1% to your broker)
20% p.a. interest on the full facility for the duration of the loan i.e. 1.67% per month.
Do you lend on properties throughout the UK?
No. We only lend against properties in England and Wales.
