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LOAN INTEREST RATES PER ANNUM

Gross loan to value: 

3 Year

5 Year

65%

70%

75%

7.74%

7.49%

7.99%

8.24%

9.74%

8.49%

3

4

Prime

Classic

CREDIT PROFILE

No CCJs in the last 2 years (director or company) 

All CCJs must have been satisfied at least 12 months prior to completion

No bankruptcy / IVA in last 3 years

If a company is being purchased, credit checks are applied to the acquiring company and its directors

The tenant in any commercial property must have a strong credit profile

The property should not be deemed to be specialist in nature and should be a liquid property which would attract significant mainstream investor demand should it be marketed for sale in its current condition

Up to 2 CCJs of less than £7,000 in the last 2 years (per director or company) 

All CCJs must be satisfied at the completion date (completion proceeds can be used for this purpose)

No bankruptcy / IVA in the last 3 years

Where the loan otherwise does not fit the Prime product criteria

This does not constitute an offer of financing. Heads of Terms and Loan Agreements will be provided by Funding 365 Limited on a case-by-case basis. Funding 365 Limited reserves the right to amend, suspend or terminate this product at any time and without notice.

YOUR PROPERTY MAY BE AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Funding 365 Limited is registered in England and Wales. Registered address: 20 – 22 Wenlock Road, London N1 7GU. Company Number: 8488034. Sept 2019.

1. Gross LTV is calculated using the gross loan amount divided by the lower of the purchase price and valuation. Valuation is typically the OMV, although other measures may be used on a case-by-case basis. Loan interest rates outlined above include a monthly pay rate, retained interest. Indicative pricing based on standard residential property with borrower Prime credit profile. | 2. Larger loans considered upon application. | 3. The total interest rates outlined include a monthly pay rate and retained rate of 2.5%. | 4. The total interest rates outlined include a monthly pay rate and retained rate of 2%. | 5. There is no early redemption charge if the loan is repaid in the last month of it's scheduled term.

INTEREST RATES (FIXED)

LOAN SIZES

LOAN TERMS

LOCATIONS

36 or 60 months

Across England and Wales

£100,000 to 

£5,000,000

2

From 7.49% per annum

(see below)

1

SPECIALIST 3 & 5 YEAR BTL

INTEREST RATE

From 0.59% up to 60% LTV

From 0.69% up to 75% LTV

Interest can be paid monthly (in full or in part) or retained upfront

LOAN SIZES

£100,000 to £10,000,000

Larger loans considered upon application

LOCATIONS

Across England and Wales

LOAN TERMS

3 to 24 months

KEY INFORMATION

Swipe across for key product information

Broad spectrum of residential properties considered, including social housing

KEY BENEFITS

Semi-commercial properties considered, where commercial < 30% of total value

Expats and foreign nationals considered, with UK footprint and UK bank account

Loans from £100,000 to £5million

Suitable for auction purchases

Award-winning, quick and personal service  - speak directly to an underwriter 

Security: Residential property in England and Wales.

PRODUCT INFORMATION

HMOs

Loan term available: 3 or 5 years

Security: First charge on properties in England and Wales

Loan term available: 3 and 5 years

Adverse credit: Two different credit levels (see below)

ACCEPTABLE PROPERTIES

Residential accommodation

MUFBs

Social housing

Student accommodation

Holiday lets

Loan Purpose: Purchase, re-mortgage or capital raise

Security: Residential property in England and Wales.

Semi-commercial properties

Affordability: 110% of monthly payment amount (monthly pay rate)

Affordability: 110% of monthly payment amount 

Repayment: Loans are offered on an interest-only basis

STANDARD FEES AND CHARGES

Additional loading may be applied to the interest margin as follows:

Arrangement fee: 2%

Broker commission: 1.5% (taken from arrangement fee)

ADDITIONAL MARGIN LOADINGS

HMOs  - 0.35%

Loans under £200,000  - 0.50%

Semi-commercial properties  - 0.50%

Expats and foreign nationals  - upon review

Early repayment charges:

0% early redemption charge in the last month of the scheduled term

 5 year term

5%

4%

3%

2%

1%

3 year term

3%

2%

1%

5

Affordability: 110% of monthly payment amount 

Classic credit - upon review

Exit year

Year 1

Year 2

Year 3

Year 4

Year 5

Additional loading may be applied as follows:

FLEXIBLE 3-5 YEAR

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