Funding 365 Reports Record Month in October

Funding 365 Reports Record Month in October

Funding 365 has revealed that October was its biggest month to date, with loan enquiries totalling £203million, up 160% YOY.

Funding 365 has revealed that October was its biggest month to date, with loan enquiries totalling £203million, up 160% YOY.

Their underwriters processed 312 unregulated bridging, light development and 3 year loan applications, up 120% YOY. Stated uses for these loans included residential investment property acquisitions, semi-commercial and commercial property purchases, auction completions, landlord portfolio consolidations, business cash flow requirements, refurbishments, conversions and development exits.

Funding 365 doesn’t have a panel of brokers, instead believing that it’s only fair to offer all of their products to all intermediaries. In October, they responded to enquiries from 43 new brokers.

Read the full story here:

https://www.fiba.org.uk/latest-press-blog/funding-365-reports-record-month-in-october/

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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