Funding 365 has announced the launch of specialist three and five-year buy-to-let offerings for England, Wales and Northern Ireland.
The products cater for a range of residential properties including social housing, HMOs, MUFBs, student accommodation and holiday lets. Semi-commercial properties are also considered where commercial is less than 30% of the total value.
In addition, expats and foreign nationals with a UK credit footprint, offshore companies and first-time buyers all considered on a case-by-case basis.
With loan sizes from £100,000 to £5 million (England and Wales) and £100,000 to £3 million (Northern Ireland) and fixed interest starting at 7.49% per annum with a 2% arrangement fee, these products have been designed to enable landlords to purchase, remortgage or capital raise.
Laura Kendall (pictured), marketing director at Funding 365, said: “As you would expect from Funding 365, we’ve created buy to let products that are simple, straightforward and with clear benefits.
“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, director at Funding 365, added: “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.
“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. We look forward to delivering funding for even more property professionals.”
