Pricing at 75% LTV has dropped from 1.00% pm to 0.90% pm.

Funding 365's Light Refurbishment product funds up to 100% of works costs in arrears, capped at 40% of open market value.

The 10-month loan completed at 75% LTV, enabling the redemption of three existing facilities at the same time.

The bridging facility totalled £1.275m and was structured at 75% LTV over 12 months.

UTB says that the average time between offer and draw-down has fallen from 57 days to 30 days.

The loan was agreed at 59% LTV on assets valued at £8.65m.

The facility runs for 24 months, providing short-term flexibility for the borrower.

The loan was structured at a 75% LTV, despite the property being vacant at the time of purchase.

The deal was completed at 40% LTV on a 0.35% Stepped Rate for 12 months.

The funding covered a shortfall of over £2.2m, including SDLT, after a family gift was withdrawn.