"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."
- Mike Strange, director at Funding 365
Funding 365 has launched a new range of specialist three and five-year buy-to-let products across England, Wales and Northern Ireland.
The 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.
The proposition is also 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.
Loan sizes are available from £100,000 to £5 million in England and Wales and £100,000 to £3million in Northern Ireland. Fixed interest starts at 7.49% per annum with a 2% arrangement fee, available for purchase, remortgage or capital raise.
Laura Kendall, marketing director at Funding 365, commented: "As you would expect from Funding 365, we’ve created buy-to-let products that are simple, straightforward and with clear benefits. 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, added: “We always look to find the best solutions for our borrowers, so we’ve delivered occasional bespoke three and five-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.”
