Inspired Lending has announced that it has introduced a flexible funding facility aimed at brokers supporting property professionals who need structured, relationship-led funding rather than a standard product.
The short-term lender developed the facility after receiving requests from borrowers with flexible in-life funding requirements. Available on a first- or second-charge basis, including combinations, the facility covers residential, mixed-use and commercial properties.
Terms run up to 24 months, with rates from 0.89% per month. Borrowers can draw and repay funds as often as needed during the facility term, with interest charged only on the outstanding drawn balance, rolled up monthly and no non-utilisation fees. Maximum leverage is set at 70% loan-to-value (LTV), with net advances drawn within a limit ensuring the balance plus interest for the remaining term does not exceed that level.
An initial arrangement fee of 2% applies to the facility limit, alongside an annual renewal fee of 0.5%.
In a recent example, Inspired Lending provided a borrower with a facility secured against a low-geared portfolio, with funds earmarked for acquiring additional properties. The facility included the option to increase the limit by up to 50% of the purchase price of each new property acquired, with no valuation or legal due diligence required and a 2% fee applied to each incremental uplift.
The launch coincides with the lender's two-year anniversary, during which it has focused on building a reputation for clear structures, consistent delivery and close broker relationships.
"This isn't about launching a new product, but about how we work with our clients," said Owen Bentley, sales director at Inspired Lending. "Many professional investors are looking for speed, certainty and flexibility, rather than simple off-the-shelf lending."
"Our flexible funding facilities are designed to support that, giving borrowers the freedom to move quickly while working with a lender who understands their long-term objectives. The strengthened offering reflects our focus on bespoke structuring and long-term relationships with property professionals, rather than transactional, one-size-fits-all finance."
