LendInvest portal adoption surges while lender adds new products to Bridging suite
London, 18 May 2022 – LendInvest, the UK’s leading platform for property finance, announces the launch of a new Refurbishment product, as the lender sees a spike in applications for its short-term lending suite.
LendInvest is now seeing over 95% of new enquiries and applications being submitted directly through its Bridging Portal as it further streamlines the application and case management process.
At the same time, LendInvest has launched a new Refurbishment Product with rates starting at 0.79%, and a max net LTV of 75%, with a gross LTV of up to 85%.
The new product is for residential properties, including HMOs, and is available through the LendInvest broker portal.
The lender now offers its full Bridging suite, including Refurbishment finance and Regulated bridge via its broker portal.
LendInvest is currently offering free valuations for regulated deals submitted via the portal.
Justin Trowse, Director, Bridging at LendInvest, said: “It’s fantastic to see new business increase as the portal continues to drive efficiency and speed up our time to offer. Launching new products within the portal not only streamlines the application process for our clients, but also simplifies the work that goes on behind the scenes to get deals over the line.”
To view the short-term lending product guide, visit the LendInvest Product Guide.
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.