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
FEES & CHARGES
Ground up development
HMO and holiday lets accepted
First time developers considered
Arrangement fee: 2%
Broker commission: 1% - 1.5% (taken from the arrangement fee)
Exit fee: 1% of gross loan
Early Repayment Charge: None (interest rebated on a daily basis for loans repaid after the 3rd month)
Legal fees: At market rate, provided upon application
3
Valuation fee: At market rate, provided upon application
2
Finish and exit (pre wind and watertight)
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
Developments with more than 15 units
Properties with adverse environmental conditions
Owner occupied property
Non-standard construction
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.
PROHIBITED USES
PRODUCT CHARACTERISTICS
1. 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. 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. | 4. At least 3 previously completed development / refurbishment projects over the past 3 years.
Minimum developer profit: 15% profit on cost for experienced borrowers / 20% profit for new borrowers
4
Funding provided up to 100% CoW up to 65% LTGDV
Properties in England and Wales only
UK residents and limited companies only
Unregulated residential properties only
Maximum LTC: 85%
INTEREST RATES
LOAN SIZES
LOAN TERMS
LOCATIONS
3 to 18 months
Across England and Wales
From 0.93% up to 75% LTV
1
(1% broker commission)
(1.5% broker commission)
From 0.97% up to 75% LTV
(1.5% broker commission)
£250,000 to £1,500,000