chris adamou

Lendhub launches new bridging products



674_2021-10-11-04-51-54pm.gif
Lendhub has announced it is now offering two new bridging products with fixed valuation and legal fees, providing up to 100% of refurbishment costs.

The new products are available for residential and light refurbishment bridging loans for properties within the M25.

The lender offers loans from £250,000 to £1.5m, up to 75% LTV.

Borrowers looking to acquire properties to refurbish would be able to benefit from funded refurb costs and rolled-up interest, thus maximising day-one advance or could choose to fund the works themselves.

Clients using the fixed fee products will also benefit from short-form valuations.

The pre-agreed valuation and legal fees will be determined by property value and loan size, all of which can be viewed on the lender’s website.

Christopher Adamou, managing director at Lendhub (pictured above) said: “We like to approach lending with an innovative and creative mindset, and are always on the lookout for solutions to improve our products and services while increasing transparency. 

“We are excited to release our fixed-fee bridging products to [the] market because we think it will add genuine value to our borrowers by offering a clear and concise fee structure with no hidden surprises, all while reducing the processing time of loans.”

Leave a comment