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
What stopping HS2 to Manchester should mean for property investors looking to the north
A couple of weeks after the government cancelled the Manchester leg of HS2, how relevant does this remain, and what should property investors looking to the North West do in light of this sudden change in government policy?
NEW BTL RATES and update criteria !!
LendInvest revamped its BTL Rates, now offering FIXED RATES for 2yr , 5yr and 7yr on our Standard and small HMO ( upto 6 units) with differing Product fees including our new 7% fee product. All 5yr & 7yr fixed rates are stressed at pay rate.
Highlights for Standard Properties
- 2yr Fixed 75% LTV – 6.99% with a 3% product fee
- 2yr Fixed 75% LTV – 5.79% with a 5% product fee
- 2yr Fixed 75% LTV – 4.79% with a 7% product fee
- 5yr Fixed 75% LTV – 6.49% with a 3% product fee
- 5yr Fixed 75% LTV – 5.99% with a 5% product fee
- 5yr Fixed 75% LTV – 5.69% with a 7% product fee
- 7yr Fixed 75% LTV – 6.64% with a 2% product fee
Highlights for HMO ( upto 6 beds)
- 2yr Fixed 75% (HMO) LTV – 6.44% with a 4% product fee
- 2yr Fixed 75% (HMO) LTV – 5.84% with a 5% product fee
- 2yr Fixed 75% (HMO) LTV – 4.84% with a 7% product fee
- 5yr Fixed 75% (HMO) LTV – 6.29% with a 4% product fee
- 5yr Fixed 75% (HMO) LTV – 6.04% with a 5% product fee
- 5yr Fixed 75% (HMO) LTV – 5.74% with a 7% product fee
- 7yr Fixed 75% (HMO) LTV – 6.69% with a 2% product fee
Buy-to-Let Highlights
- LTV upto 75% LTV for Standard and small HMO’s
- MUFB’s up to 10 units
- Day 1 re-mortgages – at Market Value (TR1 and SOW required)
- Properties next to commercial outlets ( please refer) pubs/barbers/social clubs all acceptable
- Lend to new SPV, property trading companies & layered companies ( no rate difference )
- Directors loans & inter-company loans acceptable sources of deposit
- Waive – Independent legal advice
- Use market rent for the stress rate even if this is higher than the passing rent
- No background portfolio limits & No debt to income calculation