LendInvest reduces minimum loan size in nationwide push
LendInvest has reduced its minimum loan size to £75,000 from £100,000 as it looks to become a nationwide business.
LendInvest launched into both Northern England and Scotland and the smaller minimum loan reflects the lower average property value in such regions.
Matthew Tooth (pictured), chief commercial officer at LendInvest, said: “By reducing our loan size, we will automatically open up the LendInvest proposition to more prospective borrowers working and investing in UK towns and cities far beyond London and the Southeast.
“2017 will be the year that we look to accelerate our lending throughout the country.”