Classic residential bridge

Classic residential bridging loan

From 0.75% pcm interest rate

Key product criteria

Minimum loan size £100,000
Maximum loan size 1 £10,000,000
Maximum gross LTV 2, 3 75%
Minimum term 3 months
Maximum term 12 months
1. Larger loan sizes will be considered upon application.
2. 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.
3. Higher LTVs are available with the provision of additional security (first or second charge basis).

Product rates and fees

Interest rate (per month) 4 From 0.75%
Arrangement fee 2%
Procuration fee From 1.5%
Valuation fee 5 At cost, provided upon application
Legal fees 6 At cost, provided upon application
Exit fee None
Early repayment charge None
Interest rebate on early repayment Yes (subject to 3 months’ minimum interest)
4. Interest can be paid monthly or rolled up and paid upon redemption.
5. Valuation fee is required upfront.
6. Legal fee will be deducted from the loan amount. Your lawyer will be required to provide our lawyer with an undertaking to pay all legal fees in full.

Product characteristics

  • First charge only
  • Unregulated loans only
  • Properties in England and Wales only
  • UK nationals and limited companies only
  • Adverse credit history accepted

Permitted uses for product

  • Buying or re-financing BTL property quickly
  • Buying BTL property at auction
  • Residential investment property only
  • Light & medium property refurbishment 6
7.Light property refurbishment is defined as no structural work (internal or external) and no planning permission requirements.

Prohibited uses for product

  • Property deemed to be in multiple occupation
  • Owner occupied property
  • Borrowers looking for a loan for credit repair purposes
  • Farms or agricultural property
This does not constitute an offer of financing. Heads of Terms and Loan Agreements will be provided by Funding 365 Limited on a case-by-case basis. 
Funding 365 Limited reserves the right to amend, suspend or terminate this product 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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