The borrower was an experienced West London landlord seeking a tenanted HMO, a 10 bedroom house. LendInvest offered their two-year fixed rate product with a loan size of £451,500 on an LTV of 70%.
The loan was needed by the borrower within a short timeframe, so LendInvest facilitated the purchase within four days.
This marks the first completion for Birketts solicitors with the lender after its recent addition to the LendInvest buy-to-let panel.
Lauren Eaton, head of loan operations at LendInvest, said: “The speed at which this case was delivered is a true testament to the perfect combination of the relationship we have with our professional partners, the deep expertise of the LendInvest team and the technology enabled processes that allow us to move quickly, while maintaining quality of funding and service.
“I’m delighted to be announcing this deal delivered in record time as our first completion with Birketts, a confident sign of a team that holds the same approach to fast, flexible lending as we do.“
Shlomo Fink, head of specialist mortgages at DAS Finance, added: “We have had an amazing experience with LendInvest in general and especially with this case. The full team from underwriting, case manager and bank manager were all working to reach the goal and help the client complete on time.”
Original article featured here…
LendInvest also recently launched desktop valuations for short term loans.