LOAN INTEREST RATES PER ANNUM

Gross loan to value: 

Residential

Commercial

60%

65%

70%

75%

8.99%

10.49%

11.49%

9.49%

9.99%

Prime

Classic

Complex

CREDIT PROFILE

No CCJs in the last 2 years (director or company) 

All CCJs must have been satisfied at least 12 months prior to completion

No bankruptcy / IVA in last 3 years

If a company is being purchased, credit checks are applied to the acquirer and its directors

The tenant in the property must have a strong credit profile

For commercial premises, the remaining lease term should be at least 3 years unless, in the case of mixed usage property, the commercial element comprises less than 35% of the total property income

Any lease on the property should be on an arms-length basis to a third party with the rental income set at a market rate

The Property should not be deemed to be specialist in nature and should be a liquid property which would attract significant mainstream investor demand should it be marketed for sale in its current condition

Up to 2 CCJs of less than £7,000 in the last 2 years (per director or company) 

All CCJs must be satisfied at the completion date (completion proceeds can be used for this purpose)

No bankruptcy / IVA in the last 3 years

Where loan repayment is based on a development / re-development proposal 

Where the loan otherwise does not fit the Prime product criteria

Up to 5 CCJs in the last 3 years with a maximum value of £20,000 (per director or company) or, for owners of property portfolios worth > £2m, a maximum of 2% of the portfolio value

No bankruptcy in last 3 years 

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.

Funding 365 Limited is registered in England and Wales. Registered address: 20 – 22 Wenlock Road, London N1 7GU. Company Number: 8488034. Sept 2019.

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. Loan interest rates outlined above include a monthly pay rate, retained interest and SONIA. Minimum monthly pay rate of 4.50%. 3m SONIA has a minimum level of 3.5% pa. Indicative pricing based on Prime credit profile. | 2. Larger loans considered upon application. | 3.Paid from arrangement fee. | 4. Only offered on residential properties where the property is deemed to be highly liquid and in very good internal and external condition. | 5. Only offered for commercial premises where a Strong Tenant Covenant exists.

INTEREST RATES

LOAN SIZES

LOAN TERMS

LOCATIONS

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36-60 months

Across England and Wales

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£100,000 to 

£3,000,000

2

From 8.99% up to 70% LTV

1

PRODUCT INFORMATION

HMOs & residential accommodation

Security: First charge on commercial or residential property in England and Wales (personal guarantees required). 

Arrangement fee: 2.5%

Proc fee: From 1.5%

3

Loan Purpose: Purchase, re-mortgage or capital raise

Adverse credit: Three product types are offered for different credit levels (see table below)

ACCEPTABLE PROPERTIES

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Retail with or without living accommodation

Offices

Purpose built student accommodation

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Warehouses and light industrial units

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Repayment Charges: 3%, 2%, 1% (Year 1,2,3+) or 0% if loan is repaid in last month of scheduled term.

PRODUCT INFORMATION

Additional loading may be applied to the interest margin as follows:

Loan term available: 3 years

Repayment: Loans are offered on an interest-only basis

Affordability: 110% of monthly payment amount (monthly pay rate) calculated after using a Libor stress of 1.0%

Minimum trading period: None

ADDITIONAL MARGIN LOADINGS

House of multiple occupation - 0.35%

Loans under £200,000 - 0.50%

Classic and Complex credit - upon review

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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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