Simpler bridging for every project

Minimum age: 21. Maximum age: 75 (at end of term).
For regulated bridging. No maximum age limit where sale of existing property or proceeds of probate is the agreed repayment strategy. Wherever a refinance forms part of the agreed repayment strategy, a maximum age limit of 75.

Maximum number of applicants: 4
For regulated bridging. Maximum number of applicants: 2

Borrower Experience: Where minor structural works, conversions, building regulation approvals or planning permission including HMO conversions are requested we will require x1 previous project and will be subject to underwriter discretion.

Deposit: On all purchase cases the source of deposit must be disclosed. LendInvest may request that evidence of the deposit is produced.

Servicing: Underwriters must be satisfied that the borrower has the means to service the monthly interest (where interest is not retained). Evidence may be requested.

Exit: Applicants must be able to demonstrate a realistic exit strategy.
For regulated bridging. Exit can be any of the following: Sale of current property. Inheritance where a grant of probate has been issued. Remortgage provided evidence of mortgage offer is provided. Where multiple securities are used remortgage can be used in combination with the sale of another security property. No income or affordability proof is required where the exit is sale of the security property. Wherever a refinance forms part of the agreed repayment strategy then evidence of income will be requested.

We do not offer consumer buy-to-let mortgages.

Residential status: Resident in the UK for 36 months or more and must currently be a UK tax resident. If not, please get in touch. Foreign nationals and expats may be allowed subject to underwriter approval.
For regulated bridging. Must be a UK resident and have been resident in the UK for the last 3 years, or have a 3 year UK residential history and a permanent right to reside in the UK.

Gifted deposits for individuals are acceptable excluding First Time Landlords (FTL). A FTL will require a minimum 10% contribution from personal funds. Gifted deposits can only be accepted from an immediate relative, full details of whom must be disclosed. The identification of the person(s) gifting the deposit must be satisfactorily established
Appropriate deed of gift indemnity insurance will be required, Only on-shore funds may be used. Inter-family sales: A 10% personal contribution is required.

Criminal convictions: Not permitted unless relating to motoring offences, or at the underwriter’s discretion.

Many status profiles considered for unregulated bridging, missed payments and credit blips can be considered if accompanied by evidence and an explanation that the issue was only temporary, please refer to the underwriter.
For regulated bridging the following credit profile is applied:
- No bankruptcy/IVA in the last 6 years.
- Defaults allowed: none in the past year, 1 in the last 3 years.
- Missed mortgage/secured payments allowed: none in past year. 1 in the past 3 years.
- Unsecured arrears allowed: 2 in past 3 years. County Court judgments (CCJs) allowed: 1 in the past 3 years up to a maximum value of £500 which must be satisfied prior to completion.

Personal guarantees: UK companies: full personal guarantee required from all directors and shareholders holding more than 25% of shares in the company. Non-UK companies: full personal guarantees required from the principal or beneficiary of the company.

Gifted deposits for Limited Companies. Acceptable without a customer contribution when the following are in place and verified: Directors loan, Intercompany loans, Business savings

Bankruptcy or liquidation: No bankruptcy or winding up petition in the last six years.

Unregulated Bridging:

- Residential investment property.
- Broad range of commercial property types will be considered on merit.
- Land with or without planning permission to build.

HMOs: Properties being refinanced that are operating as an HMO must have all appropriate licences in place at the time of application. Properties being purchased with an intention to use as an HMO should have licences in place as soon as practical after completion.

Regulated Bridging:

Residential properties only. We will accept a max of two securities for the loan. We will consider investment properties as a second security.

1st charge only if only one security is provided. A combination of 1st and 1st charge, or 1st and 2nd charge is allowed when multiple securities are being provided. A 1st charge is always required when a property being purchased is being provided as security.

Strictly cosmetic work is allowed to the property during the term of our loan; installing new kitchen and bathroom, replacing windows and doors, replastering, installing central heating, redecoration, damp repairs and new flooring. Refurbishment work that requires either building regulations approval or planning permission is not allowed.