PR

Funding 365 unveils AVM bridge product




Funding 365 has revealed a new product which uses automated valuation model valuations (AVMs) for bridging loans up to £1m to enable faster delivery of funds.

Designed for residential C3 properties in England and Wales, the first charge, unregulated product features interest rates from 0.79% per month for up to 18 months.

The maximum permitted LTV is 55% for refinances, 65% for purchases and 75% for purchases where the property will be refurbished using borrower funds.

Hometrack confidence level of five or higher is required.


Funding 365 Director, Mike Strange (pictured above), commented: "We’re well known for our ability to process bespoke loans at high speed thanks to our streamlined team, principal-led funding and expert partners who share our vision.

“Our new AVM bridge product removes one of the remaining factors which can slow down delivery, providing a valuable option when a fast execution is crucial.”

Leave a comment