LendInvest customer update regarding deferment of BTL payments
Update as at 23 March 2020, 8.00pm GMT
We have no wish to see tenants lose their homes as a consequence of the COVID-19 outbreak, and we encourage every landlord who has a loan with LendInvest to act responsibly both toward their tenants and towards their mortgage commitments.
If any landlord with a LendInvest mortgage believes they will have genuine difficulties making their payments to us as a result of COVID-19 impact on their tenants, they should contact us by ringing or emailing 0203 846 6880 / [email protected].
We will discuss their individual circumstances, part of which will include understanding what other resources they may have available to pay the mortgage. This is not an automatic payment holiday. After reviewing individual circumstances, we will then ascertain the best way in which to exercise forbearance, if appropriate.
Where a borrower is excused from making a payment in any one month, missed payments will be added to the borrower’s outstanding balance and will attract interest at the relevant account rate.
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.