Funding 365 Releases Enhanced Flexible 3 Year Range
Funding 365 has today announced that it has simplified and improved its Flexible 3 Year and Bridge to 3 Year property loan offerings.
The bespoke loans, which can be secured against commercial, semi-commercial and residential (including HMO) properties in England and Wales, are designed to be tailored in terms of pay rate vs retained rate to suit the yield of the borrowers’ properties. Interest rates now start at 6.74% per annum with a minimum pay rate of 4.5%.
Funding 365 have also extended the maximum length of the bridging term which can be included in the Bridge to 3 Year product from 8 months to 12 months, in order to provide borrowers with greater scope to be able to exit the loan without any early repayment charges. The starting interest rate of these bridging terms has also been reduced from 7.49% per annum to 7.25%.
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