Specialist short-term lender 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.
After receiving a number of requests to support borrowers with flexible in-life funding requirements, the Inspired Lending team has introduced this to their wider funding offering.
These flexible facilities are available on a first- or second-charge basis, including combinations, and can include residential, mixed-use and commercial properties.
Facilities are available for up to 24 months, with rates from 0.89% per month. Funds can be drawn and repaid as often as the borrower requires during the facility term. Interest is only charged on the outstanding drawn balance at any time and rolled-up monthly, with no non-utilisation fees.
Maximum leverage is set at 70% loan-to-value (LTV), with net advances drawn within a limit that ensures the balance plus interest for the remaining term does not exceed that level.
An initial arrangement fee of 2% is based on the facility limit, alongside an annual renewal fee of 0.5% of the facility limit.
Inspired Lending recently provided a borrower with a flexible funding facility secured against their lowly geared portfolio. The funds raised were to be used for purchasing properties to add to their portfolio. The facility included the option for the borrower to increase the facility 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 facility uplift.
The facility has been developed to give brokers greater flexibility when working with experienced property clients who value certainty and flexibility of funding, clear terms and a lender prepared to work through structure and timing.
Inspired Lending provides short-term funding for residential and commercial property cases, including acquisition, refurbishment, conversion, development exit and capital raising.
The launch comes as Inspired Lending marks two years since entering the market, during which time the lender has focused on building a reputation for clear structures, consistent delivery and close broker relationships.
Owen Bentley, Sales Director at Inspired Lending, said:
“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. 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.”
For more information, visit: https://inspiredlending.co.uk
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