LendInvest enhances HMO and MUFB criteria
LendInvest has made a series of updates to its buy-to-let lending criteria, including broader rules for HMOs and MUFBs.
"Evolving criteria is key to helping brokers and landlords alike get more from LendInvest."
LendInvest has launched an HMO product for first-time landlords, and will now offer rental yield based valuations on small HMOs in Article 4 areas.
At the same time the lender will be accepting HMO and MUFB applications on the Tier 2 range enabling access to funding for more landlords.
Andy Virgo, buy-to-let sales director, commented: “Evolving criteria is key to helping brokers and landlords alike get more from LendInvest. Listening to what our partners desire by way of flexibility and forever growing what we can offer is a sign of our commitment to the specialist lending market.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC
