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February 20, 2018

LendInvest launch new Buy-to-Let online calculator for intermediaries

London, 20 February 2018 – LendInvest, the leading specialist property finance lender, has launched a brand new buy-to-let (BTL) online calculator for intermediaries. This is the latest in a series of ongoing improvements to the lender’s online calculators, aimed at making the loan application process as easy and straightforward as possible. It’s also a tool that’s been specially designed to work well in tandem with LendInvest’s fully online BTL application system.

LendInvest’s buy-to-let calculator is designed to give the most accurate borrowing range and cover criteria for single properties, HMO’s (houses of multiple occupation) and MUFB’s (multi-unit freehold blocks).

Intermediaries can use the online tool to swiftly calculate LTV, annual rental yield and the maximum gross loan amount in one single place. The calculator caters for both individual and limited company applications.

LendInvest launched its BTL product in late November 2017 and has already established a broker panel of more than 200 intermediaries. LendInvest BTL loans are available for amounts between £50,000 and £5 million, and on terms of up to 30 years. Loans are available for professional individuals and limited companies, a maximum loan-to-value of 80% applies.

 

The LendInvest Buy-to-Let calculator can be accessed here.

 

Ian Boden, Sales Director at LendInvest, commented: “ At LendInvest, our priority is making sure the right technology is in place to make our brokers’ lives easier. This new calculator is focused on delivering a simple, no-fuss experience for our intermediaries so they can make quick, and more importantly, accurate decisions for their clients.”  

 

Initial market testing of the new online calculator has yielded positive feedback from brokers.

James Hardwick of Charleston Financial in Milton Keynes said: “LendInvest’s online calculator is the best in the market. It’s really helping brokers to do a quick quotation of affordability, before progressing an application through the excellent online broker portal.”

About LendInvest

LendInvest (www.lendinvest.com) is the UK’s leading online platform for property finance and investing. Since launching in 2008, LendInvest has lent over £1.7 billion ($2.1 billion) to help buy, build or renovate over 5,000 homes across the UK.

LendInvest uses technology to provide borrowers with short-term Bridging finance, Development finance and Buy-to-Let; and investors that include retail investors (in our London Stock Exchange listed bond), investors on our Online Investment Platform and some of the world’s largest financial institutions, with stable income secured against property.

LendInvest is still majority owned by the founders and staff of the business, but has also raised equity from the same investors that founded Skype, and early investors in financial technology businesses like Klarna, Stripe and SoFi.

Media contacts

Louise Hetherington PR Manager
Leigh Rimmer Public Relations Associate