Funding 365 launches new 0.65% pcm prime bridging product

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Funding 365 LogoFast bridging lender Funding 365 has today announced a new Prime residential bridging loan product that carries a low monthly interest rate of 0.65%.

The Prime product is aimed at property investors throughout England and Wales looking to purchase or raise funding against a residential investment property in a short timeframe.

The product has no exit fees or early repayment charges and is available up to £2million at a 50% loan to value limit. Funding 365 will pay introducers procuration fees of between 1.5% – 1.75% on eligible loans.

Funding 365 Director, Mike Strange comments:

“We are very pleased to announce the introduction of our Prime product to the market. This product will allow borrowers to access one of the lowest rates available in the bridging market without having to make any sacrifice in terms of speed of execution.

Given that this Prime product complements our Commercial product which offers a market leading interest rate of 0.99%pcm, we believe that our broker partners can now view us as not only the fastest bridging provider in the UK, but also amongst the cheapest.”