LendInvest makes sweeping updates to its HMO and MUFB criteria
London, 24 June 2022 – LendInvest, the UK’s leading asset manager for property finance, has made a series of updates to its Buy-to-Let lending criteria, including broader rules for HMOs and MUFBs to reflect in-house expertise.
LendInvest has launched an HMO product for first time landlords, and will now offer rental yield based valuations on small HMOs in Article 4 areas.
At the same time the lender will be accepting HMO and MUFB applications on the Tier 2 range enabling access to funding for more landlords.
Andy Virgo, Sales Director for Buy-to-Let at LendInvest, commented: “Evolving criteria is key to helping brokers and landlords alike get more from LendInvest. Listening to what our partners desire by way of flexibility and forever growing what we can offer is a sign of our commitment to the specialist lending market.”
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.