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Lendinvest steps into the Buy-to-Let Market

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LendInvest is launching a range of buy-to-let loans aimed at professional landlords and investors. The specialist lender, which to now has focused on bridging and development loans, says these new BTL mortgages will be “competitively priced” and include two-, three- and five-year fixes. Rates start at 3.69 per cent for a two-year fix at 60 per cent LTV.

 

The firm will offer loans of between £50,000 and £5m, up to a maximum LTV of 80 per cent.

 

“Offering BTL loans is a critical strategic step that not only serves to addresses a funding shortage, but takes us close to our long-term ambition of becoming a leading whole-of-market mortgage lender.”

 

Just looked on their website and “There is no limit on the number of properties held or mortgaged by a portfolio landlord with other lenders. Properties owned abroad will not be included within the portfolio calculations.”

 

Great news for portfolio landlords who would like more options.

 

Wanted a detailed quote based on your circumstances:

Neil@assuredfunding.co.uk

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I see that this is an old post, though has anyone have personal experience with LendInvest -specifically as a Ltd BTL mortgage provider?

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They have some good criteria, e.g. large HMO's are acceptable. The rates are pretty good for this space as well. I have used them for one large HMO and they were okay.

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I'm about to complete on a standard BTL through a limited co. using LendInvest and found it an easy process. Everything's done digitally similar to opening a Revolut account where they request a selfie for ID&V checks. They didn't insist on a secondary legal review to explain the personal guarantee implications which saved a few ££.  

They do have a restrictive panel of solicitors you need to use, but I've found them easy to deal with as well and quite reasonably priced. The solicitors I chose had a couple of office locations, including a London office which was around the corner from work which made it even more convenient. So all positives from me.

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