Funding 365 and Credicus deliver 0.79% bridging loan
Funding 365 has completed a residential bridging loan with an interest rate of 0.79% per month to enable its borrower to purchase a semi-detached house in Essex.
Introduced by Credicus, the £225,000 loan will allow the client to refurbish the property with their own funds before exiting on to a term BTL loan.
The loan is under Funding 365’s versatile Residential Bridge product which offers bespoke solutions of up to £5m+ on properties across England and Wales with interest rates from 0.74% per month.
Katie Spitz, Senior Underwriter, Funding 365, comments:
“We always aim to deliver the best interest rates possible to help our borrowers achieve their goals, which is a vision shared by Darren and the team at Credicus.
It’s always a pleasure to work with intermediaries who value transparency and getting the right deals for their clients.”
Darren Peiris, Specialist Lending Advisor, Credicus, adds:
“The underwriting team at Funding 365 were excellent as always.
Even though the seller was slow to respond, there were no delays from the lender.
I look forward to working with them again on the next deal.“