LendInvest, the London based buy to let finance and bridging finance platform, has made a series of changes to its bridging range, with rate reductions and higher LTVs for both land and commercial products now available.
The residential bridging range now has the 75% LTV product available at 0.75% and the 70% LTV product at 0.70%.
Rates have also been reduced in the auction and bridge-to-let suite, with its 75% LTV auction product and 75% LTV bridge-to-let product now both available at 0.75%.
Additionally, LendInvest has introduced new 65% LTV products for land and commercial deals, with or without planning consent.
Justin Trowse, sales director at LendInvest, said: “To be in the position to implement such significant changes to our bridging suite is a great way for us to kick off the quarter.
“The team stays close to what’s going on in the market, and ensures we are listening to what our brokers and borrowers need as we ramp up business towards the Summer – these are no fire sales or limited specials, our rate cuts are here to stay across all of our bridging products.”
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LendInvest is financing the development of affordably priced homes in Kent, alongside Homes England; the £90m-plus GDV scheme will be developed by Kings Crescent Homes, to build 400 apartments in Ashford.