The new products cover a wide range of properties, including HMOs and MUFBs
Specialist lender Funding 365 has launched specialist three- and five-year buy-to-let offerings, designed to help landlords purchase, remortgage, or raise capital.
The new products cover a wide range of residential properties, including social housing, houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), student accommodation, and holiday lets. Semi-commercial properties are also eligible if the commercial portion is less than 30% of the total value.
Funding 365 said its offerings – available in England, Wales, and Northern Ireland – are flexible regarding borrowers, with expatriates, foreign nationals with a UK credit footprint, offshore companies, and first-time buyers all considered on a case-by-case basis.
Loan sizes range from £100,000 to £5 million in England and Wales, and £100,000 to £3 million in Northern Ireland. Fixed interest rates start at 7.49% per annum, with a 2% arrangement fee.
“As you would expect from Funding 365, we’ve created buy-to-let products that are simple, straightforward and with clear benefits,” said Laura Kendall, marketing director at Funding 365. “We work with all intermediaries, so I would encourage brokers to get in touch if they’d like to experience the Funding 365 difference for themselves.”
Mike Strange (pictured), director at Funding 365, added that they look forward to delivering funding for even more property professionals.
“We always look to find the best solutions for our borrowers, so we’ve delivered occasional bespoke three- and five-year loans over the years,” he said. “With a marked increase in demand recently, it made sense for us to solidify our offerings and make them available to the whole of the market.”
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