Inspired Lending has introduced a Flexible Funding Facility designed for brokers supporting property professionals who need structured, relationship-led funding rather than an off-the-shelf product. It operates like a Revolving Credit Facility allowing funds to be drawn and repaid as needed during the loan term.

High level parameters as follows:

• 1st or 2nd charges

• residential, mixed-use & commercial properties

• available for up to 24 months

• rates from 0.89% per month

• initial arrangement fee of 2% based on the facility limit, with annual renewal fee of 0.5%

• minimum facility amount £500k

• minimum initial drawdown £100k

• up to 70% LTV facility limit

• funds can be drawn and repaid as often as the borrower requires during the loan term

• interest only charged on the outstanding drawn balance at any time and rolled-up monthly

• no non-utilisation fees

Inspired Lending sales director Owen Bentley says: “This isn’t about launching a new product, but about how we work with our clients. Many professional investors are looking for speed, certainty and flexibility, rather than simple off-the-shelf lending.”

See full details here.