Matthew Tooth

LendInvest launches bridge-to-let product

LendInvest has launched a new bridge-to-let product for borrowers looking to refurbish a property before exiting to a BTL mortgage.

The property finance platform’s new product — which is available for amounts between £75,000 and £750,000 on terms up to 12 months — has a maximum LTV of 75%, which applies at an interest rate of 0.6% per month.

It will be available for the light refurbishment of residential properties, including HMOs with a maximum of six bedrooms.

“With the second anniversary of our BTL product launch in sight, we can confidently explore how we can add further value for our borrowers when building their BTL portfolios,” said Matthew Tooth, chief commercial officer at LendInvest (pictured above).

“In launching our bridge-to-let product, we are able to provide flexible finance that landlords need during those important early stages of a BTL investment.

“At LendInvest, we build our products in a way that allows us to serve our borrowers at each and every stage of their project.

“Keeping our customer front of mind allows us to continue delivering the right products to market, at speed.”

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