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July 11, 2019

LendInvest increases maximum loan size to £750k for its five year fixed Buy-to-Let mortgage product

  • Contribution towards legal fees up to £1000 on five year fixed rate products at 75% LTV for a limited time

  • Reduced valuation fee of £150 on all standard residential properties

  • Free title insurance on all standard residential and HMO refinance cases

London, 11 July 2019 – LendInvest, the UK’s marketplace for property finance, has increased its maximum loan size to £750k on its five year fixed rate Buy-to-Let mortgage products and will now contribute towards the legal fees on these products.

LendInvest has increased its maximum loan size to £750k for its five year fixed rate product with the ICR being calculated at the product pay rate of 3.6%.

On standard residential loans, borrowers are now offered a reduced valuation fee of £150, along with free title insurance. Free title insurance is extended to HMO refinance cases, which are accepted on properties with up to 15 rooms.

In line with these changes, LendInvest will pay a contribution toward the borrowers legal fees for its five year fixed rate products at 75% LTV up to a maximum of £850 for a limited time only. This figure increases to £1000 for repeat borrowers.

Ian Boden, Sales Director at LendInvest, said: “We listen closely to our customers and the market when it comes to delivering the best offering for our borrowers. Access to capital is crucial when a landlord is growing their property portfolio – these product changes provide a significant reduction in the upfront cost our customers face when acquiring finance.”

To view the full updated product range, visit the LendInvest Product Guide.

About LendInvest

LendInvest is the UK’s leading marketplace for property finance and one of Europe’s largest non-bank mortgage lenders. LendInvest has raised more than £1.8 billion ($2.2 billion) from investors ranging from individuals to global financial partners including Citigroup, HSBC, Nomura and National Australia Bank.

The company lends short-term property finance and buy-to-let mortgages, and is readying its first homeowner mortgage product. LendInvest’s proprietary technology creates a better customer experience for both borrowers and investors. The company has reported annual profitable growth for many years and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards.

 

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