The bridging lender will be hiring new employees to its marketing and underwriting teams.

Michael Strange, managing director at Funding 365 (pictured above), said that since the rate cut was introduced in May — with its bridging rates now starting from 0.59% per month — its live deals board had increased considerably.

•   B&C roundtable: BTL lender departures, hybrid products and utopian underwriters
•   Funding 365 provides £450,000 bridging loan in 24 hours
•   Adapt Finance and Funding 365 complete £2.7m bridging loan

“We envisage an even bigger growth when we launch new products in the autumn,” he explained.

“These new hires will ensure that we’re able to keep delivering our exceptional service and speed.”

Laura Kendall, marketing director at Funding 365, added that its policy of hiring bright graduates and training them up to its way of working had been a success over the past three years.

“Our new marketing hire is joining our team at an exciting time in Funding 365’s growth and will need to hit the ground running to help us with our integrated campaign to launch our new products.”