Funding 365 has reduced the interest rates on its AVM Bridge product to align with its Residential Bridge range, simplifying its short-term lending proposition.
The move means loans up to 65% loan-to-value (LTV) are now available from 0.64% per month, while up to 75% LTV is available from 0.74% per month.
The AVM Bridge is designed for residential C3 properties in England and Wales and provides first charge, unregulated loans up to £1m for terms of up to 18 months.
Valuations are conducted through automated valuation models (AVMs), with a Hometrack confidence level of five or higher required.
The maximum permitted LTV is 55% for refinances, 65% for purchases, and 75% for purchases involving light refurbishment funded by the borrower.
The changes aim to make the product more competitive and accessible to brokers seeking streamlined bridging solutions.
Calum Waite (pictured), head of underwriting at Funding 365, said: “As our underwriters manage each loan from enquiry to redemption, we’re uniquely positioned to capture insights across the lending journey.
“This allows us to respond quickly to market needs by refining our products to deliver real value to our clients.
“We’re confident that, with these rates, we’ll see even more demand for our AVM Bridge.”
