LendInvest
, the London based buy to let finance and bridging finance platform, are now offering desktop valuations for short term loans. This will be utilised via Connells to ascertain the security value, in situations where physical valuations are not possible.
These desktop valuations are available for borrowers looking for residential bridging and auction products, on loan sizes up to £250,000 with a maximum LTV of 65%.
These valuations will be available for properties in England, Wales and Scotland, up to a value of £1 million.
Justin Trowse, Director for Bridging at LendInvest, said: “As we continue to operate through unpredictable times, it is imperative to be prepared for any sudden changes to the way we are able to work.
“While at this time physical valuations are permitted to go ahead, we realise we must be equipped for any eventuality should that change in the future.
“Adding the capability to utilise desktop valuations for more of our product suite allows us to stay one step ahead, and ensure we can deliver the finance our borrowers need with the same speed and flexibility we always have.”
Original article featured here…
LendInvest announced a record quarter for signed bridging applications in Q3 of 2020, having recently launched their new BTL product range, broadening lending criteria to include first-time landlords and student let HMOs.