The versatile products cater for a broad spectrum of residential properties including social housing, HMOs, MUFBs, student accommodation and holiday lets. Semi-commercial properties are also considered where commercial is less than 30% of the total value.
They are similarly flexible regarding borrowers, with expats and foreign nationals with a UK credit footprint, offshore companies and first time buyers all considered on a case-by-case basis.
With loan sizes from £100,000 to £5million (England and Wales) and £100,000 to £3million (Northern Ireland) and fixed interest starting at 7.49% per annum with a 2% arrangement fee, these products have been designed to enable landlords to purchase, re-mortgage or capital raise.
Laura Kendall, Marketing Director at Funding 365, explains:
"As you would expect from Funding 365, we’ve created buy to let products that are simple, straightforward and with clear benefits. Moreover, they will be delivered by the same team that won Service Excellence at the recent Bridging & Commercial Awards, so our clients can be sure of a personal experience and no delays. We work with all intermediaries, so I would encourage brokers to get in touch if they’d like to experience the Funding 365 difference for themselves."
Mike Strange, Director at Funding 365, adds:
“We always look to find the best solutions for our borrowers, so we’ve delivered occasional bespoke 3 and 5 year loans over the years. With a marked increase in demand recently, it made sense for us to solidify our offerings and make them available to the whole of the market. We look forward to delivering funding for even more property professionals.”
