The brief

Our solution

Underwriter comment

Given the client's past CCJ's, we were keen to craft a low-risk solution. As such, we crafted an 18 month loan to ensure that they had ample time to complete and sell the properties. With interest rebated by the day, the borrower could exit early without incurring any early exit charges, maximising their profits.  

The client required funds to purchase two end terrace houses in London. Both properties were in need of renovation throughout, so the client needed to secure a highly competitive rate to ensure that their own funds would cover the refurbishment. 

As an underwriter at Funding 365, it's my responsibility to look at a case from every angle and find the potential in the deal. That's  what I did here - and at a rate that allowed the client to refurbish the properties in exactly the way that they had envisioned. 

£552,000

65% LTV

0.62%  PER MONTH

Residential case study CASE STUDY

AUCTION PURCHASE: 2 HOUSES IN LONDON

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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