Funding 365 expands into Northern Ireland

Funding 365 has announced the launch of its residential bridging proposition for Northern Ireland.

Developer and landlord borrowers looking for funding for residential properties in Northern Ireland can now take advantage of interest rates from 0.84% per month and LTVs up to 65%.

The new product caters for unregulated loans from £100,000 to £2 million in size, for terms up to 18 months. Permitted uses for the loans include buying or refinancing residential property, light to medium property refurbishment, development exit and short term business cash flow.

Michael Strange, managing director at Funding 365, commented: “I was born and raised in County Antrim, so a move into funding Northern Irish property has always been in our sights. I am delighted to be able to officially launch this product following a successful soft launch.

"We are looking forward to getting to know more Northern Irish property professionals and to delivering our highly competitive solutions for this underserved region.”