LendInvest cuts 85% LTV refurbishment bridging rates

LendInvest Mortgages has reduced rates on its 85% LTV refurbishment bridging product. 

The rate has been reduced to 0.98%, bringing the net loan to 74% LTV.

This rate cut offers landlords and property investors access to more affordable financing for refurbishment projects, including HMO (House in Multiple Occupation) conversions. 

In addition to lowering rates, LendInvest has simplified the application process. The business has also focused on lending off Open Market Value (OMV), allowing investors to exit based on the enhanced value post-refurbishment, unlocking the full potential of their properties.

Leanne Ardron, director of bridging finance at LendInvest, said: "At LendInvest, we’re committed to offering competitive rates and innovative products that help property investors take advantage of opportunities. With this rate reduction, our clients can unlock the true potential of their assets and secure an exit strategy based on the end value of the property, whether they’re completing a quick upgrade or embarking on a larger development.”