Funding 365 Announces Move into Development Finance

Funding 365 Announces Move into Development Finance

Bridging lender Funding 365 has today announced its expansion into development finance with the launch of its flexible Light Development product featuring interest rates from 0.79% per month.

Bridging lender Funding 365 has today announced its expansion into development finance with the launch of its flexible Light Development product featuring interest rates from 0.79% per month.

Designed to enable borrowers to carry out property conversions and heavy refurbishments, or to finish and exit their existing development projects, this customisable product will allow for up to 75% LTV day one with up to 100% of cost of works funded in arrears.

Eligible loans will be between £200,000 and £3million in size and secured against properties in England and Wales for up to 24 months.

Clients can decide how to structure their loans in relation to the number of advances required and whether to structure the loans with or without exit fees.

Borrowers with adverse credit or limited experience will also be considered.


Read the full story here:

https://bridgingloandirectory.co.uk/development-finance/funding-365-enters-development-finance-market/

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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