The offer applies to Funding 365’s unregulated first charge bridging loans up to £10m in value secured against residential investment, semi-commercial, and commercial property in England and Wales for 3 to 24 months.
All bridging products can be used to purchase at auction and carry no admin fees, exit fees or early redemption charges.
The valuation offer exclusively applies to the property valuations instructed by Funding 365.
- What does the specialist finance industry need in 2023 and beyond?
- Funding 365 closes £6.5m bridging deal
- Funding 365 closes £3.15m loan for conversion project in south west London
It must be paid up front as usual by borrowers and will be rebated in full within 24 hours of loan completion.
Calum Waite, head of underwriting at Funding 365 (pictured above), said: “Recent interest rate rises have impacted the housing market and we will see the knock-on effect of this on auctions in the coming months, with a squeeze on businesses’ cash flow.
“We hope that our pledge to rebate auction property valuation fees until the end of Q2 will help to mitigate this and support our property investors and developers to deliver on their plans.”
Leave a comment