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
LIGHT REFURBISHMENT
PERMITTED USES
Loft conversions
Internal decoration and refurbishment
Construction of one storey extensions
Conversions to residential / HMO
FEES & CHARGES
Arrangement fee: 2%
Broker commission: From 1.5% (taken from the arrangement fee)
Valuation fee: At market rate, provided upon application
3
Legal fees: At market rate, provided upon application
4
Early Repayment Charge: None (subject to 3 months' minimum interest)
Interest rebated on a daily basis for loans repaid after the 3rd month
Exit fee: None
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
PROHIBITED USES
1. Reductions in interest rates are available for larger loans on a case by case basis. Pricing indicated for retained interest loan 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. Smaller and larger loans considered on application. Up to 2 further advances. Minimum tranche size applies. | 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.
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.
Removal of load bearing walls
Owner-occupied properties
Borrower experience: First time borrowers considered up to 75% gross LTV. Above this, the borrower must have completed at least 2 refurbishment projects in the past 4 years
Agricultural properties
Property with adverse environmental conditions
PRODUCT CHARACTERISTICS
Securities: Residential properties in England and Wales. Semi-commercial properties (where the commercial element is less than 30% of the total property value) are also considered up to 75% gross LTV
INTEREST RATES
From 0.64% up to 65% LTV
From 0.69% up to 70% LTV
From 0.74% up to 75% LTV
From 0.89% up to 85% LTV
1
(1.5% broker commission)
(2% broker commission)
From 0.69% up to 65% LTV
From 0.74% up to 70% LTV
From 0.79% up to 75% LTV
From 0.94% up to 85% LTV
(2% broker commission)
GROSS LTVS
Up to 75% for refinances
Up to 85% for purchases
LOAN SIZES
£100k to £5m
(max. £1m for loans above 75% gross LTV)
+100% cost of works funded in arrears up to 80% net LTC
Build costs up to 40% of the OMV up to 75% LTGDV
2
£100,000 to £5,000,000
(max. £1,000,000 for loans above 75% gross LTV)
+100% cost of works funded in arrears up to 80% net LTC
Build costs up to 40% of the OMV up to 75% LTGDV
2
From 0.64% up to 65% LTV
From 0.69% up to 70% LTV
From 0.74% up to 75% LTV
From 0.89% up to 85% LTV
1
(1.5% broker commission)
(2% broker commission)
From 0.69% up to 65% LTV
From 0.74% up to 70% LTV
From 0.79% up to 75% LTV
From 0.94% up to 85% LTV
(2% broker commission)
LOAN TERMS
12 to 18 months
LOCATIONS
Across England and Wales
1
LIGHT DEVELOPMENT LOAN
From 0.64% pm up to 65% gross LTV
From 0.69% pm up to 70% gross LTV
From 0.74% pm up to 75% gross LTV
From 0.89% pm up to 85% gross LTV
+100% cost of works funded in arrears up to 80% net LTC
Build costs up to 40% of the OMV up to 75% LTGDV
£100,000 to £5,000,000
(max. £1,000,000 above 75% LTV)