From Bridging to Buy-to-Let: An HMO LendInvest Case Study
Written by Michael Minnie
Bridging loans are experiencing an unprecedented surge in popularity. These short-term financial solutions provide rapid access to capital, empowering property investors with the agility needed to achieve their objectives.
At LendInvest, we understand that while each property investor’s project is unique, a swift and efficient Bridging deal is paramount. This understanding drives our continuous enhancements to the Mortgages Portal, enabling brokers to submit enquiries in minutes and receive real-time case updates.
Additionally, we’ve also introduced AVMs up to 75% LTV on our unregulated Bridging products, giving investors a fast solution and that crucial quick access to funding for auction purchases, refurbishments and Bridge-to-Let financing.
Simpler bridging for every product
From Refurb to Refinance: A Bridge-to-Let Case Study
A broker approached us on behalf of their client, an experienced property investor who happens to be a current Ex-pat. They wanted to purchase a 4-bedroom semi-detached house in Norwich.
The client planned to convert the property into a 6-bedroom HMO; however, the property was in need of drastic refurbishment, which made this project ideal for our bridge-to-let proposition.
The client’s planned exit was to refinance onto one of LendInvest’s BTL products, the client also benefits from our bridge to let incentives where we cover up to £500 towards the valuation and up to £500 towards the legals on the BTL exit.
In the end, we were able to fund a Bridge loan for £198k and when the client exited onto a Buy-to-Let, we were able to secure an additional £374k.
How a Bridging loan with LendInvest can Cut the Complex for your clients:
- AVMs up to 75% LTV
- Dual representation for speed and savings on the legal process
- Bridge-to-Let options – fast and efficient refinancing onto one of our BTL options including incentives
- Submit an enquiry in minutes in our Mortgages Portal
Ready to learn more about how a fast Bridge-to-Let solution can work for you clients? Submit an enquiry on our Mortgages Portal today to get started.