AVM RESIDENTIAL BRIDGE
RESIDENTIAL BRIDGE
From 0.84% up to 65% LTV
From 0.89% up to 75% LTV
1
INTEREST RATES
£100,000 to
£10,000,000
2
LOAN SIZES
LOAN TERMS
3 to 24 months
LOCATIONS
Across England and Wales
Owner occupied properties
High value single asset properties
Farms or agricultural properties
First charge unregulated loans across England & Wales
Residential short lease properties considered
Hometrack confidence level of 5 or higher required for an AVM
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.
Properties without sufficient comparable sales data
PRODUCT CHARACTERISTICS
PROHIBITED USES
1. Reduction in interest rates are available for larger loans on a case by case basis. Pricing indicated for retained interest only. | 2. Smaller and larger loans considered upon application. | 3. Light property refurbishment where the works do not exceed 40% of the day one market value and works are funded by the borrower. | 4. Valuation fee is required up front. | 5. Legal fees 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. Upon redemption of the loan a fee of £500 will be applied for the removal of the legal charge from the property.
Adverse credit history considered
INTEREST RATE
From 0.59% up to 60% LTV
From 0.69% up to 75% LTV
Interest can be paid monthly (in full or in part) or retained upfront
LOAN SIZES
£100,000 to £10,000,000
Larger loans considered upon application
LOCATIONS
Across England and Wales
LOAN TERMS
3 to 24 months
KEY INFORMATION
Swipe across for key product information
From 0.79% per month
Up to 55% LTV for refinances
Up to 65% LTV for purchases
Up to 75% LTV for purchases
with borrower-funded refurb
£100,000 to £1 million loan size
Up to 18 months loan term
Permitted uses:
Purchasing residential C3 property (inc. at auction)
Development exit
Refinancing residential C3 property
Short term cash flow requirements
Self-funded light refurbishments
Prohibited uses:
Owner-occupied properties
High value single assets
Properties without sufficient comparable sales data
Farms or agricultural properties
Properties with a Hometrack confidence level of 4 or lower
Across England and Wales
INCL. SEMI-COMMERCIAL
WHERE COMMERCIAL < 30% VALUE
RESIDENTIAL BRIDGE
INTEREST RATES
From 0.79% per month
1
(1.5% broker commission)
(2% broker commission)
From j0.84% per month
(2% broker commission)
GROSS LTVS
Up to 55% for refinances
Up to 65% for purchases
Up to 75% for open market purchases where the property will be refurbished using borrower funds
LOAN SIZES
£100k to £1m
2
LOAN TERMS
£100,000 to £5,000,000
(max. £1,000,000 for loans above 75% gross LTV)
+100% cost of works funded in arrears up to 80% net LTC
Build costs up to 40% of the OMV up to 75% LTGDV
2
From 0.79% per month
1
(1.5% broker commission)
(2% broker commission)
From 0.84% per month
(2% broker commission)
12 to 18 months
LOCATIONS
Across England and Wales
INTEREST RATES
From 0.79% per month
1
(1.5% broker commission)
(2% broker commission)
From 0.84% per month
(2% broker commission)
MAXIMUM GROSS LTV
Up to 55% for refinances
Up to 65% for purchases
Up to 75% for open market purchases where the property will be refurbished using borrower funds
LOAN SIZES
2
£100,000 to £1,000,000
LOAN TERMS
12 to 18 months
LOCATIONS
Across England and Wales
LOAN SIZES
£100,000 to £10,000,000
3
LOAN TERMS
LOCATIONS
3 to 24 months
Across England and Wales
PERMITTED USES
Buying or refinancing residential C3 property
Development exit and marketing
Borrower-funded light refurbishments
3
Short term cash flow requirements
Auction purchases
FEES & CHARGES
Arrangement fee: 2%
Broker commission: From 1.5% (taken from the arrangement fee)
Legal fees: At market rate, provided upon application
5
Exit fee: None
Early Repayment Charge: None (subject to 3 months' minimum interest)
Valuation fee: From £150
4
4
Valuation fee: From £150