INTEREST RATES
LOAN SIZES
LOAN TERMS
LOCATIONS
3 to 24 months
Across England and Wales
£200,000 to
£5,000,000
From 0.79% up to 65% LTV
From 0.84% up to 75% LTV
1
GROUND UP DEVELOPMENT
LOAN USES
Ground up development
HMO and holiday lets accepted
Finish and exit (pre wind and watertight)
FEES & CHARGES
Arrangement fee: 2%
Broker commission: 1% (taken from the arrangement fee)
Valuation and monitoring fees: At market rate, provided upon application
2
Legal fees: At market rate, provided upon application
3
Exit fee: 1% of gross loan
Early repayment charge: None (interest rebated on a daily basis for loans repaid after the 3rd month)
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
PRODUCT CHARACTERISTICS
1. Reductions in interest rates are available for larger loans on a case-by-case basis. Pricing indicated for rolled interest loan only. Net LTV is calculated using the net 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. Higher LTVs are available with the provision of additional security (first charge basis). | 2. To be paid upfront. | 3. Legal fees will be deducted from the loan amount. Your lawyer will be required to provide our lawyer with an upfront undertaking to pay all legal fees in full.
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.
100% CoW up to 65% LTGDV
Minimum developer profit: 15% profit on cost for experienced borrowers / 20% profit for new borrowers
Properties in England and Wales only
UK residents and limited companies. Foreign nationals with a solid UK footprint considered
Unregulated residential properties only
Maximum LTC: 85%
PROHIBITED USES
Self-build properties
Commercial properties
Agricultural properties
Properties with adverse environmental conditions
INTEREST RATES
From 0.74% up to 60% LTV
(< 12 months)
1
From 0.79% up to 60% LTV
(< 18 months)
From 0.89% up to 70% LTV (<18 months)
From 0.84% up to 70% LTV
(< 12 months)
From 0.89% up to 70% LTV
(< 18 months)
From 0.89% up to 70% LTV
(< 18 months)
LOAN SIZES
£250,000 to £3,000,000
Works funded in arrears
up to 85% net LTC
Up to 65% gross LTGDV
LOAN TERMS
12 to 18 months
LOCATIONS
Across England and Wales
LIGHT DEVELOPMENT LOAN
From 0.74% pm up to 70% LTV (day one)
+100% cost of works funded in arrears
up to 85% net LTC
​
Build costs up to 65% LTGDV
​
£250,000 to £3,000,000