Funding 365, the UK specialist property lender set up by County Antrim native, Michael Strange, has today launched 3 and 5 year buy to let mortgages for landlords in Northern Ireland.
This follows the launch earlier this year of a Northern Ireland Bridge product from the lender who was awarded ‘Service Excellence’ and ‘Bridging Lender of the Year’ last month at the UK Bridging & Commercial Awards in London.
Funding 365’s versatile Northern Ireland Specialist 3 and 5 Year BTL product caters for a broad spectrum of residential properties across Northern Ireland including houses and flats, HMOs, student accommodation, holiday lets and social housing. Semi-commercial properties are also considered where commercial is less than 30% of the total value.
The product is similarly flexible regarding borrowers, with expats and foreign nationals with a UK credit footprint, offshore companies and first time buyers all considered on a case-by-case basis.
With loan sizes from £100,000 to £3million and fixed interest starting at 7.49% per annum with a 2% arrangement fee, this product has been designed to enable landlords to purchase, re-mortgage or capital raise.
To view full guides for Funding 365’s Northern Ireland products visit www.funding-365.com/products or speak to a Funding 365 underwriter directly with any enquiries on 0800 689 0650 or underwriting@funding-365.com
Michael Strange, Director at Funding 365, comments, “Landlords and property professionals in Northern Ireland are often overlooked by specialist UK mortgage lenders. Coming from Templepatrick myself, it was important to me to be able to offer our Specialist 3 and 5 Year BTL loans to the Northern Ireland market at the same interest rate as those in England and Wales. Building on the success of our Northern Ireland Bridge product which provides property professionals with loans up to 18 months, we look forward to delivering solutions for even more borrowers in Northern Ireland.”
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Michael Strange of Funding 365