LendInvest Unlocks £3 Million Regulated Bridging Loan in 25 Working Days
19 May, London – LendInvest Mortgages (LSE: LINV), a UK-based technology-backed specialist lender, has completed a £3.062 million regulated bridging loan in just 25 working days. The facility enabled an experienced investor to refinance their primary residence and to raise capital to expand their property portfolio
The completion highlights the application of regulated bridging for equity release and property acquisition. Through the lender’s approach to underwriting, the borrower was able to access capital from their primary residence to fund a new investment, with the exit strategy centred on the sale of the original home.
The transaction required a rapid turnaround to facilitate a complex set of requirements, including the consolidation of existing debt and a significant equity transfer. By focusing on the borrower’s experience and clear exit strategy, LendInvest’s dedicated bridging team was able to move the case from inquiry to drawdown in a total of 25 working days.
LendInvest facilitated the loan for a total of £3.062 million at 70% LTV on a 12-month term.
Leanne Ardron, Managing Director, Short-Term Lending, at LendInvest, said: “This £3 million deal is a great example of how regulated bridging has evolved into a sophisticated strategic tool, and how specialist lenders like LendInvest can be the ideal lending partner when complex cases are presented.
By prioritising common-sense underwriting and speed, we were able to deliver a solution in only 25 working days. At LendInvest, our goal is to simplify the process for brokers and their clients, proving that, even at high loan vol
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.