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Funding 365 Launches AVM Bridge Product

Funding 365 Launches AVM Bridge Product

Funding 365 has today revealed a new product which uses automated valuation model valuations (AVMs) for bridging loans up to £1 million to enable even faster delivery of funds.

Designed for residential C3 properties in England and Wales, the first charge, unregulated product features interest rates from 0.79% per month for up to 18 months.

The maximum permitted LTV is 55% for refinances, 65% for purchases and 75% for purchases where the property will be refurbished using borrower funds. Hometrack confidence level of 5 or higher is required.

For more information, visit www.funding-365.com/avm-bridging-loan or speak to a Funding 365 underwriter directly on 0800 689 0650 or underwriting@funding-365.com

Funding 365 Director, Mike Strange, comments, "We’re well known for our ability to process bespoke loans at high speed thanks to our streamlined team, principal-led funding and expert partners who share our vision. Our new AVM Bridge product removes one of the remaining factors which can slow down delivery, providing a valuable option when a fast execution is crucial.”

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