LendInvest launches bridge-to-let product
LendInvest has launched a new bridge-to-let product for borrowers looking to refurbish a property before exiting to a buy-to-let mortgage.
"In launching our bridge-to-let product, we are able to provide flexible finance that landlords need during those important early stages of a BTL investment."
LendInvest's bridge-to-let loans are available at an interest rate of 0.60% per month up to 75% LTV and on terms of up to 12 months.
The product will be available for light refurbishment of residential properties, including HMOs with a maximum of six bedrooms.
Matthew Tooth, chief commercial officer at LendInvest, said: “With the second anniversary of our BTL product launch in sight, we can confidently explore how we can add further value for our borrowers when building their BTL portfolios. In launching our bridge-to-let product, we are able to provide flexible finance that landlords need during those important early stages of a BTL investment.
“At LendInvest we build our products in a way that allows us to serve our borrowers at each and every stage of their project. Keeping our customer front of mind allows us to continue delivering the right products to market, at speed.”
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