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:
This week's biggest stories:
Iress
Iress announces major upgrade to Xplan Mortgage platform
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
Lloyds
Lloyds partners with Connells and LMS to launch fully digital homebuying journey
FCA
FCA sued over compensation scheme that 'significantly underestimates harm'
FCA
FCA announces changes to streamline senior managers regime
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
