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Property reconfiguration

HEAVY REFURBISHMENT

LIGHT DEVELOPMENT LOAN

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

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

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INTEREST RATES

LOAN SIZES

LOAN TERMS

LOCATIONS

3 to 24 months

Across England and Wales

From 0.89% up to 70% LTV

From 0.94% up to 75% LTV

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(1.5% broker commission)

(2% broker commission)

From 0.94% up to 70% LTV

From 0.99% up to 75% LTV 

(2% broker commission)

£200,000 to £5,000,000

Cost of works cannot exceed 150% of the day one market value

LOAN USES

FEES & CHARGES

PDR schemes

Heavy property refurbishment and extension

Property conversion to residential/HMO

Arrangement fee: 2%

Broker commission: From 1.5% (taken from the arrangement fee)

Exit fee: None

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 

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Valuation fee: At market rate, provided upon application 

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Finish and exit

2

Properties with adverse environmental conditions

Agricultural property

Ground up developments and land

Properties in England and Wales 

Adverse credit history considered

UK residents and limited companies 

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. 

Owner occupied properties

PROHIBITED USES

DEVELOPER INFORMATION

1. Reductions in interest rates are available for larger loans on a case by case basis. Pricing indicated for retained interest loans only.  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. Must be wind and watertight. | 3. To be paid upfront. | 4. 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. | 5. 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

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Funding provided up to 100% CoW up to 70% LTGDV

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