Funding 365 launches pledge to rebate auction property valuation fees

Funding 365 has today pledged to rebate property valuation fees to increase cashflow for borrowers using its bridging products to buy property at auction between 25 January and 30 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 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

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’ cashflow. 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.”