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LendInvest sees 50% of enquires through portal

Jake Carter

December 3, 2021

portal

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.”


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