Funding 365 launches new 0.65%pcm Prime product

Funding 365 launches new 0.65%pcm Prime product

Fast bridging lender Funding 365 has today announced a new Prime residential bridging loan product that carries a low monthly interest rate of 0.65%.

Fast bridging lender Funding 365 has today announced a new Prime residential bridging loan product that carries a low monthly interest rate of 0.65%.

The Prime product is aimed at property investors throughout England and Wales looking to purchase or raise funding against a residential investment property in a short timeframe.

The product has no exit fees or early repayment charges and is available up to £2million at a 50% loan to value limit. Funding 365 will pay introducers procuration fees of between 1.5% - 1.75% on eligible loans.

Further product information can be found at www.funding-365.com

Funding 365 Director, Mike Strange comments,“ We are very pleased to announce the introduction of our Prime product to the market. This product will allow borrowers to access one of the lowest rates available in the bridging market without having to make any sacrifice in terms of speed of execution.

Given that this Prime product complements our Commercial product which offers a market leading interest rate of 0.99%pcm, we believe that our broker partners can now view us as not only the fastest bridging provider in the UK, but also amongst the cheapest.”

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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