Simply Funded Limited is a UK-based principal lender established in 2016. It specialises in short-term property finance, including bridging and development loans. The firm is authorised and regulated by the Financial Conduct Authority (FCA) for regulated mortgage contracts and consumer credit activity. This regulatory status allows it to provide finance for both regulated and unregulated property transactions across England, Wales, and Scotland. Simply Funded's products may suit professional landlords, developers, and homeowners in need of fast, flexible finance. For more information on bridging loans, see bridging loans and bridge loan.
Key features of Simply Funded Limited
Simply Funded offers several practical features that support efficient lending and ongoing borrower engagement.
- Direct lending with an in-house credit committee allowing rapid decisions; see how lenders operate.
- Online broker and borrower portal for document upload and 24/7 progress tracking; learn about the loan application process.
- No exit fees or early redemption penalties on standard bridging products; understand interest rates and annual percentage rate.
Funding eligibility
You may qualify for funding from Simply Funded if your property is located in England, Wales, or mainland Scotland, and you meet property-specific criteria rather than strict trading history or turnover requirements. Most products require personal guarantees from directors or major shareholders. For regulated bridges, FCA affordability and credit checks apply. For more on eligibility and guarantees, see our guides on how to qualify for a business loan in the UK, personal guarantees in business loans, and the guarantor concept.
Loan options available
Simply Funded offers a selection of loan types focused on short-term, property-backed lending with varying terms and rates suited to different needs.
- Unregulated Bridging Loan: £50,000 to £5,000,000, 3 to 24 months, interest 0.55% to 1.10% per month. Fast completions and flexible exit options. More on bridging loans here.
- Regulated Bridging Loan: £50,000 to £2,000,000, 3 to 12 months, interest 0.49% to 0.85% per month. For main residences with consumer protections. See alternative finance loans.
How to apply
The application process is designed for speed and convenience, with online enquiry forms or broker submissions accepted. Decisions can be swift with indicative terms issued within hours and funding potentially completed in under two weeks.
- Submit an online form via the Funding Agent platform; see the application form.
- Provide necessary documents such as ID, proof of address, company reports, bank statements, and property details; learn more about application requirements.
- Receive indicative terms quickly and await credit committee decision within 24 to 48 hours; understand typical interest rates and fees involved.
- Complete contract signing physically or electronically to facilitate rapid fund release.
Funding Agent's view on Simply Funded Limited
Simply Funded is notable for its FCA-regulated status and focus on short-term, property-backed lending options including bridging and development finance. It suits borrowers who prioritise speed and flexibility, particularly professional landlords, property developers, and homeowners needing swift funding. The firm requires personal guarantees and typically offers loans with higher interest rates and shorter terms than mainstream mortgages. Businesses seeking long-term or unsecured finance might find these products less suitable. For further exploration of loan types and eligibility, visit our comprehensive sections on business loans, term loans, and bridging loans for small businesses.
