LendInvest has also repriced its bridging product range, with rates starting from 0.49%, and LTVs up to 75%.
LendInvest has reported that more than 50% of its new enquiries and applications are being submitted directly through its bridging portal.
LendInvest has repriced its bridging product range, with rates starting from 0.49%, and loan-to-values (LTVs) up to 75%.
Rates have been adjusted over the full product range, from residential to commercial, semi-commercial, land and refurbishment.
The lender has also increased its maximum LTV on refurbishment finance to 85%, at a rate of 0.79%.
For standard property applications, borrowers are eligible for free legal fees and a reduced £150 valuation fee when refinancing to a LendInvest buy-to-let (BTL) loan.
Justin Trowse, director of bridging at LendInvest, said: “The opportunity to bring this newly priced range of products to our broker partners at a busy time for the industry is brilliant, and is a great example of the efficiencies and product tailoring we are able to achieve through market-leading technological developments like our Bridging Portal.”
