£1.9 MILLION

65% LTV

0.72% PER MONTH

The brief

Our solution

Underwriter quote

We took time to understand the nature of the client's credit issues and developed a 24 month loan accordingly. This was designed to give the client time to resolve all issues and exit onto a high-street BTL loan. We also built additional funds into the loan which allowed the client to pay back private investors. 

The client came to us in need of a loan to refinance another lender. The property had just been converted into a fully tenanted ground floor shop and 4 flats above. Credit issues made it impossible to secure a high street loan at that time so we were enlisted to provide a temporary bridging solution.

This was a really rewarding case to complete. The client, through no real fault of their own, found themselves compromised. Rescuing them from extension charges - and at a reasonable rate - really reinforces the important role that bridging finance plays in the property market. 

Commercial case study CASE STUDY

REFINANCE: SEMI-COMMERCIAL PROPERTY

Funding 365 Limited is registered in England & Wales / Registered address: 20-22 Wenlock Road, London, N1 7GU / Company Number: 8488034.

Funding 365 Limited is not regulated by the Financial Conduct Authority or under the Financial Services & Markets Act (FSMA). All loans provided by Funding 365 Limited are non-regulated mortgage contracts, defined under Article 61(3) of the FCA Regulated Activities Order or non-regulated contracts under the Consumer Credit Act. Your property may be at risk if you do not keep up repayments on any mortgage or loan secured on it.

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0800 689 0650

30 Stamford Street, London SE1 9PY

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