What are the costs associated with these loans?

Back to Articles 6 March 2025 1 minute read

Other than the interest rate and fees, IMS reports will be £750 +VAT (the number required depends on the drawdown structure) and legals will be 0.35%-0.5% of loan amount, with a minimum of £1,500 + VAT. Finally on exit, a £450 charge is levied by the Land Registry to redeem the 1st charge, which is paid directly to the Land Registry at cost.

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