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Our products Is a bridging loan right
for you?
Our
standard
underwriting
requirements

Funding 365 looks at every enquiry on an individual basis and provides bespoke proposals, tailored to each client's needs.

However, we believe that easily accessible, published product guides are important in providing transparency, allowing you to compare terms and rates to establish which bridging loan is right for the situation.

Funding 365 offers three core bridging loan product types:
 

Residential
investment bridge*

For fast purchase, refurbishment
or refinance of residential properties.

Commercial
bridge

For fast purchase, refurbishment or refinance of commercial properties, or to release equity in a company’s property to free up short term cashflow.

Short lease
bridge

For purchase of residential properties with leases of 10 - 70 years and / or purchase of lease extensions.

*Please note that for regulatory reasons we cannot provide financing secured against owner occupied residential properties.

Our terms and rates

Funding 365’s current range of bridging loan products and their key criteria, interest rates and fees can be compared below:

 

Residential investment bridging loans

Commercial bridging loans

Short lease bridging loans

Prime residential bridge

Premium residential bridge

Classic residential bridge

Commercial business bridge

Short lease bridge

Interest rate (% per month)1

0.65%

0.75%-0.99%

1.0%-1.5%

0.75%-1.25%

From 0.99%

Minimum loan size

£200,000

£100,000

£100,000

£100,000

£200,000

Maximum loan size2

£2,000,000

£3,000,000

£5,000,000

£5,000,000

£1,500,000

Maximum gross LTV3, 4

50%

65%

75%

70%

70%

Minimum term (months)

3

3

3

3

3

Maximum terms (months)

12

12

12

12

12

Arrangement fee5

2%

2%

2%

2%

2%

Valuation and legal fees6

Market Level

Market Level

Market Level

Market Level

Market level

Exit fee

None

None

None

None

None

Early repayment charge7

None

None

None

None

None

Adverse credit history accepted

No

Yes

Yes

Yes

Yes

Legal charge4

First only

First only

First only

First only

First only

 

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  • 1. Interest can be paid monthly or rolled up and paid upon redemption.
  • 2. Larger loan sizes will be considered upon application.
  • 3. Gross LTV is calculated using the gross loan amount divided by the lower of the purchase price and valuation. Valuation is typically the OMV, although other measures may be used on a case-by-case basis.
  • 4. Higher LTVs are available with the provision of additional security (first charge basis only for Prime Residential Bridge, first or second charge basis for all other products).
  • 5. Any intermediary procuration fees will be paid using the arrangement fee. See ‘Intermediaries’ section of website for more information.
  • 6. Valuation fees are required upon acceptance of our Heads of Terms. Legal fees will be deducted from the loan amount.
  • 7. The first 3 months of interest will always be charged, even if a loan is repaid before this time.

This does not constitute an offer of financing. Heads of Terms and Loan Agreements will be provided by Funding 365 on a case-by-case basis. Properties in England and Wales only. Unregulated loans only - for regulatory reasons we cannot provide financing secured against owner occupied residential property. Products available for a limited time only. Funding 365 Limited reserves the right to amend, suspend or terminate these products at any time and without notice.

YOUR PROPERTY MAY BE AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.