Case studies: Every type of bridging completed through the portal
Explore our full range of bridging products.
Record numbers of brokers continue to find simpler bridging applications through the LendInvest portal.
There were more new enquiries and signed applications in March than ever before, which contributed to a record quarter for the LendInvest team as brokers continue to see the benefit of technology-powered bridging deals.
Taking all of those deals through to completion is the most important step though, and one our team has been excelling at through March.
Here is a snapshot of the deals your borrowers have been getting.
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Torquay
LTV: 70%
Loan amount: £595,000
The borrower wanted to acquire a bungalow and capital raise for the further purchase of two more properties in Torquay. Using existing Buy-to-Let properties as security, the intention was to refinance within six months from the loan.
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Manchester
LTV: 75%
Loan amount: £273,750
Borrower needed a fast turnaround on this deal to complete a new Buy-to-Let acquisition. Due to a fault of the previous broker they had exchanged contracts without a suitable mortgage offer so needed fast funds to secure the purchase and 10% deposit. Exit was a remortgage after completion and they had tenants already lined up.
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Middlesex
LTV: 75%
Loan amount: £168,750
A bridge-to-let application to acquire a converted flat. Experienced landlord borrower wanted to do £63k of refurbishments, including raising the property’s EPC rating, before refinancing.