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.“