Their underwriters processed 312 unregulated bridging, light development and 3 year loan applications, up 120% YOY. Stated uses for these loans included residential investment property acquisitions, semi-commercial and commercial property purchases, auction completions, landlord portfolio consolidations, business cash flow requirements, refurbishments, conversions and development exits.

Funding 365 doesn’t have a panel of brokers, instead believing that it’s only fair to offer all of their products to all intermediaries. In October, they responded to enquiries from 43 new brokers.

Read the full story here:

https://www.fiba.org.uk/latest-press-blog/funding-365-reports-record-month-in-october/