PRODUCTS

Our products

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,     refurbishmentor 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
Classic
residential bridge
Commercial
business bridge
Short lease bridge
Interest rate (% per month) 1 From 0.65% From 0.75% From 0.75% From 0.99%
Minimum loan size £200,000 £100,000 £100,000 £200,000
Maximum loan size 2 £2,000,000 £10,000,000 £10,000,000 £1,500,000
Maximum gross LTV 3,4 50% 75% 70% 70%
Minimum term (months) 3 3 3 3
Maximum terms (months) 12 12 12 12
Arrangement fee 5 2% 2% 2% 2%
Valuationand legal fees 6 MarketLevel Market Level Market Level Market Level
Exit fee None None None None
Early repayment charge 7 None None None None
Adverse credit history accepted No Yes Yes Yes
Legal charge 4 First only First only First only First only
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.
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