LendInvest launches new refurbishment product
LendInvest has announced the launch of a new refurbishment product, following a spike in applications for its short-term lending suite.
Rates on the new product start at 0.79%, and a max net LTV of 75%, with a gross LTV of up to 85%.
The product is for residential properties, including HMOs, and is available through the LendInvest broker portal.
The lender now offers its full bridging suite, including refurbishment finance and regulated bridging, via its broker portal.
LendInvest is currently offering free valuations for regulated deals submitted via the portal, and is now offering AVMs.
Justin Trowse, director of bridging at LendInvest, said: “It’s fantastic to see new business increase as the portal continues to drive efficiency and speed up our time to offer. Launching new products within the portal not only streamlines the application process for our clients, but also simplifies the work that goes on behind the scenes to get deals over the line.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Buy-to-let
The Mortgage Works launches sub-3% buy-to-let rates
HSBC
HSBC launches new sub-4% mortgage rates
Inflation
Base rate cut 'now certain' as inflation falls to 2.6%
Tax
HMRC rule change set to impact millions of landlords and sole traders
HSBC
HSBC launches over two dozen sub-4% mortgage rates
April Mortgages
April Mortgages launches 7x loan-to-income lending
