Lendinvest’s latest announcement can be viewed here. Remember, their BTL product set is available via our Direct to Lender Mortgage Club as well as through our fees free packaging service. We also offer their Bridging range too. Full details are available here. Contact our team to discuss any cases or criteria in detail across their full range.
Announcement
Lendinvest Criteria changes a plenty!!
I just wanted to highlight some key changes that we have made to our criteria last week, We have listened to feedback and have obliged.
- HMO/MUFB/Holiday lets now available in Scotland
- HMO up to 6 beds that are in an Article 4 Area ( and has been converted) – Valued on a Yield Basis ( not Bricks and Mortar)
- HMO up to 6 beds available for FTL
- Tier 2 ( adverse) – now available for SML/Large HMO’s & MUFB’s
- Exposure of within a block – now 75% or max 5 units ( simplified)
- New-build flats, New-build houses,New-Build HMOs and New-Build MUFB – upto 75% LTV
- No longer require SA302 and tax overview on submission of case
- Properties next door to clients residential acceptable ( portfolio landlords only)
- Background Portfolio assessment simplified
All criteria search providers have been updated with the changes you can find our latest guide here.