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Funding 365 and Credicus deliver 0.79% bridging loan

Funding 365 and Credicus deliver 0.79% bridging loan

Funding 365 has completed a residential bridging loan with an interest rate of 0.79% per month to enable its borrower to purchase a semi-detached house in Essex.

Funding 365 has completed a residential bridging loan with an interest rate of 0.79% per month to enable its borrower to purchase a semi-detached house in Essex.

Introduced by Credicus, the £225,000 loan will allow the client to refurbish the property with their own funds before exiting on to a term BTL loan. The loan is under Funding 365’s versatile Residential Bridge product which offers bespoke solutions of up to £5m+ on properties across England and Wales with no admin fees, exit fees or ERCs.

Funding 365 Senior Underwriter, Katie Spitz, comments, “We always aim to deliver the best interest rates possible to help our borrowers achieve their goals, which is a vision shared by Darren and the team at Credicus. It’s always a pleasure to work with intermediaries who value transparency and getting the right deals for their clients.”

Credicus Specialist Lending Advisor, Darren Peiris, adds, “The underwriting team at Funding 365 were excellent as always. Even though the seller was slow to respond, there were no delays from the lender. I look forward to working with them again on the next deal.“

For more information on Funding 365’s full product range, visit www.funding-365.com/products or speak to an underwriter directly on 0800 689 0650 or underwriting@funding-365.com


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