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
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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
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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 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. Smaller and larger loans considered on application. £25k 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.
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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
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 35% of the total property value) are also considered
Borrowers: UK nationals and UK limited companies. Foreign nationals with a solid UK credit footprint and borrowers with adverse credit history are also considered on a case-by-case basis
Borrower experience: First time borrowers considered up to 65% net LTV. Above this LTV, borrowers must have recent experience of completing 2 similar refurbishment projects
From 0.69% up to 65% net LTV
From 0.74% up to 70% net LTV
From 0.79% up to 75% net LTV
1
(1.5% broker commission)
(2% broker commission)
From 0.74% up to 65% net LTV
From 0.79% up to 70% net LTV
From 0.84% up to 75% net LTV
(2% broker commission)
INTEREST RATES (ROLLED)
From 0.69% up to 65% net LTV
From 0.74% up to 70% net LTV
From 0.79% up to 75% net LTV
1
(1.5% broker commission)
(2% broker commission)
From 0.74% up to 65% net LTV
From 0.79% up to 70% net LTV
From 0.84% up to 75% net LTV
(2% broker commission)
NET LTVS
Up to 75% net LTV for borrowers with recent experience
Up to 65% net LTV for first time borrowers
LOAN SIZES
£100k to £5m
​
+100% cost of works funded in arrears up to 85% net LTC
​
Build costs up to 40% of the OMV up to 75% LTGDV
​
2
£100,000 to £5,000,000
​
+100% cost of works funded in arrears up to 85% net LTC
​
Build costs up to 40% of the OMV up to 75% LTGDV
​
2
LOAN TERMS
12 to 18 months
LOCATIONS
Across England and Wales
1
LIGHT DEVELOPMENT LOAN
From 0.69% pm up to 65% net LTV
From 0.74% pm up to 70% net LTV
From 0.79% pm up to 75% net LTV
+100% cost of works funded in arrears up to 85% net LTC
​
Build costs up to 40% of the OMV up to 75% LTGDV
​
£100,000 to £5,000,000