Funding 365 extends maximum bridging loan term

Bridging lender Funding 365 has extended its maximum loan term from 12 to 18 months, which it attributes to demand from brokers.

This increased loan term will apply to all of their bridging products with the exception of their ‘short lease bridge,’ which will remain at 12 months.

The lender recently increased its maximum loan size to £10m.

Funding 365 marketing director Laura Kendall says: “We identified longer loans as something that was being requested with increasing frequency.”

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