Related topic: Funding 365

The change will deliver higher net LTVs for borrowers undertaking property improvements, extensions and conversions.

The specialist property lender was recently acquired by alternative investment manager, Balbec Capital. 

The Funding 365 management team will remain with the business and continue to lead day-to-day operations.

Rates on the AVM product now match the lender's residential bridging rates.

Rates now start from 0.64% for residential bridge and light refurbishment products.

The first charge unregulated product features interest rates from 0.79% per month.

The lender says it is seeing a significant increase in enquiries for borrowers looking for higher leverage.

Both joined the lender via its graduate scheme.