Funding 365 has pledged to rebate property valuation fees to increase cash flow for borrowers using its bridging products to buy property at auction between the 25th of January and the 30th of June 2023.
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 three to 24 months.
All of Funding 365’s bridging products can be used to purchase at auction and carry no admin fees, exit fees or early redemption charges.
Calum Waite (pictured), head of underwriting at Funding 365, 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.”
Funding 365’s loans are underwritten on a case-by-case basis.
