LendInvest Introduces 75% LTV on Regulated Bridging Loans and Increases AVMs to 75%
2 June, London – LendInvest Mortgages (LSE: LINV), a UK-based technology-backed specialist lender, has today announced upgrades to its regulated bridging product line, expanding leverage and speed for homeowners and property professionals.
The lender is increasing its maximum Loan-to-Value (LTV) to 75% on regulated bridging loans up to £1 million. To support the increased leverage, LendInvest has also expanded its Automated Valuation Model (AVM) limits to 75% LTV, bringing them into parity with its unregulated bridging criteria.
Leanne Ardron, Managing Director, Short-Term Lending, at LendInvest, said: “At LendInvest, we know how powerful a regulated bridging loan can be for those needing access to fast funding.
Providing 75% LTV and expanding our AVM limits to 75% are real game-changers. We’re ensuring the speed and flexibility that borrowers need the most, especially in a chain break, capital raise or downsizing scenario.”
About LendInvest
LendInvest is the UK’s leading platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.
Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages. The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.