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.
New product launch
On Tuesday 30th June, LendInvest is launching a Semi-Commercial proposition.
Full product guide will be available on Tuesday here.
There are 16 products in total:
- 2-year and 5-year term products with 2% and 5% fee options, available at 70% and 75% LTV. Rates start from 5.94% for 2-year terms and 6.39% for 5-year terms respectively.
- 75% LTV products will be capped at a maximum loan size of £1.5m; 70% LTV products will be capped at £2m
To summarise, aligning with our current BTL product offering, our Semi-Commercial proposition will accept:
- Applicant Profiles and Corporate Structures
- Corporate Entities: We accept lending applications from UK Limited Companies as well as individuals.
- Applicant Tiers: Our underwriting framework accommodates both Tier 1 and Tier 2 borrower profiles.
- ExPats: We are happy to consider applications from Expatinvestors, provided a professional UK-based management agent is fully established and actively in place to look after the asset.
- Loan Limits and Valuation Rules
- Loan Amount Range: Funding options are highly scalable, starting from a minimum loan size of £50,000 and scaling to £2,000,000, subject to LTV restrictions.
- Minimum Property Valuations: Across the majority of the UK, the minimum acceptable property valuation is £100,000. However, for properties located within the London region, the minimum valuation is set at £250,000.
- Residential Unit Cap: To stay within the boundaries of this specific product range, the property can feature a maximum of up to 20 individual residential units. There is no cap on commercial units.
- ICR: We assess the affordability and financial viability of the loan using an Interest Coverage Ratio (ICR) calculated from 125%.
- Commercial Split: Properties are acceptable as security, provided the residential element comprises more than 50% of the overall value.