March 18, 2022

LendInvest supports Homes for Ukraine Scheme

LendInvest condemns the illegal and devastating invasion of Ukraine by Russia and fully supports the Government Homes for Ukraine Scheme.

We have all watched the terrible events unfolding in Ukraine over the past few weeks. Our thoughts are with those affected by the invasion and the great losses endured by the Ukrainian people.

Following the introduction of new sanctions against Russia, we can confirm to the best of our knowledge that we have no business activities, facilities, customers or counterparties in Russia.

Homes for Ukraine

The Government is currently finalising the scheme, so full details are not yet available. The following should assist you as guidance if you are thinking of participating:

Bridging & Development Loans 

  • If payments on your account are up to date and your loan is not in default, LendInvest will gladly consider your application.
  • Whilst details are not yet available, any tenancy agreement must be in the standard form provided by HMG and be compliant with the scheme rules.
  • All existing terms and conditions of your loan will remain in force throughout.
  • Additional terms and conditions will be clarified once final details of the scheme are available. 

Buy to Let Loans 

  • If payments on your account are up to date and your loan is not in default, LendInvest will gladly consider your application.
  • Any HFUS tenancy must not impact on your ability to pay the full monthly payment when it falls due
  • If tenanted the tenancy agreement must be in the standard form provided by HMG and for no longer than 6 months
  • If your tenants wish to participate in the HFUS you must ensure they have your consent and that the property is suitable in all respects. The tenants must also have in place the refugee lodger licensing agreement as issued by HMG
  • Any requests by the local authority or LendInvest (or its agents) to inspect the accommodation must be swiftly complied with
  • You must ensure your insurance cover remains fully valid and enforceable regardless of whether the tenant is providing the accommodation or you are as landlord
  • All existing terms and conditions of your loan will remain in force throughout
  • Additional terms and conditions will be clarified once final details of the scheme are available.

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.

Your privacy matters
We use cookies to offer you a better experience. To understand what data we collect you can access our privacy policy and cookies policy. You can also adjust your or confirm your consent by clicking the accept button.

The cookies we use:

These are required for the operation of our website. For example, they support you to log into secure areas. You may disable these by changing your browser settings, but this may affect how the website functions.
These allow us to collect information such as how you navigate our website or if you experience errors which we can use to improve your journey.
These recognise you when you return to our website so we can personalise your content and improve your visit.