Unregulated Bridging Loans are available from LendInvest from £75,000 up to £15m.
Residential bridging rates include:
- from 0.55% up to 50% LTV
- from 0.69% up to 65% LTV
- from 0.80% up to 75% LTV
Funding rates start from 0.80% per month.
LendInvest has also updated its commercial bridging range, with semi-commercial bridging and commercial loans now available up to 70% LTV with rates starting from 0.79%, and up to 65% LTV with rates starting from 0.90%.
Land loans can be offered up to 65% LTV, with rates starting from 0.90%.
Loan sizes for these products range between £250,000 and £15m.
In addition, it has also refreshed its development exit product, with a maximum LTV bracket of 70% and rates starting from 0.55%, with loan sizes from £250,000-10m.
LendInvest’s team said: “Remaining open for business over the past couple of months has not only ensured we were available to our customers, but has also allowed us to quickly tailor our offering as one of the first lenders to reinstate our higher LTV products”.
Matt Lenzie from Commercial Mortgages Broker said, this is a welcome return from LendInvest, who are one of the market leaders in terms of demonstrating their confidence in the property market, this should mean that investors continue to acquire assets and more importantly the investment marketplace should continue to move in the right direction.”