Funding 365 Launches Pledge to Rebate Auction Property Valuation Fees
01 Feb 2023
Funding 365 has today pledged to rebate property valuation fees to increase cash flow for borrowers using its bridging products to buy property at auction between 25th January and 30th June 2023.
The offer applies to Funding 365’s unregulated, first charge bridging loans up to £10 million in value secured against residential investment, semi-commercial and commercial property in England and Wales for 3 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.
Funding 365’s loans are underwritten on a case-by-case basis. This offer applies to the property valuations instructed by Funding 365 only. The valuation fees must be paid up front as usual by the borrowers and will be rebated in full by Funding 365 within 24 hours of loan completion. Full terms and conditions can be accessed at www.funding-365.com/auction-valuation-fee-rebate-offer
Visit www.funding-365.com/products for transparent product guides or speak to a Funding 365 underwriter directly on 0800 689 0650 for more information, quick answers and bespoke, credit-backed terms in just one hour.
Head of Underwriting at Funding 365, Calum Waite, comments, “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.”