Lendinvest – USP’s

Lendinvest share their latest USP’s and a reminder that they will be in the Connect office the 3rd Tuesday of every Month Starting from 21st January.

Residential Mortgages (£50k- £1.5m)

• Capital raise for debt consolidation, business usage or property investment up to 90% LTV
• NO debt to income ratio, No credit scoring and no minimum income
• Use Latest years accounts (even if large increase in profit) borrow up to 90% LTV
• Only need 1 years self employment
• 5.49x income multiples for Key workers (i.e police officers, teachers, nurses, military – Page 15 of our criteria for a full list) Borrow unto 90% LTV
• 6.49x income multiples for Qualified professionals (i.e Doctors, dentists, pilots, Engineers – Page 15 of our criteria for a full list) Borrow unto 90% LTV
• Zero hour contracts, 2nd/3rd  job income (can be different line of work), benefits all used at 100% (Non court ordered child maintenance @ 50%)
• CIS works using payslip income (minus 20% CIS payment)
• Adverse proposition including Debt management plans, CCJs & Defaults (criteria page 4)
• Concessionary purchases where the parent remains in the property
• 5% builders deposit accepted

https://www.lendinvest.com/intermediaries/products/residential-mortgages/

Buy-to-Let (£50k – £3m per property)

• Lend to trading companies & SPVs – see attached SIC code list.
• ILA waiver for experienced landlords – remember this when sourcing as good cost savings
• First time landlord HMOs (max 6 beds) & MUFBs (max 6 flats)
• 80% LTV on BTLs & small HMOs, 75% on Large  MUFBs & HMOs
• Use Market rent for affordability even if higher than passing rent
• HMOs up to 15 beds, No communal areas required, multiple kitchens/bathrooms acceptable
• Instruct commercial valuers (method) on large HMO and small HMOs which are heavily adapted
• Day 1 re-mortgages lending against the uplifted value following works
• Properties next to and near commercial such as shops, retail, pubs et
• Holiday lets/Airbnb at 75% in non holiday let areas
• Expat mortgages on HMOs, MUFBs, wide range of acceptable countries
• https://www.lendinvest.com/intermediaries/products/buy-to-let/

Bridging (£75k – £15m)

• Bridge to let, Auction,Residential, semi-commercial & Land
• Rates from 0.74% at 75% LTV  – non regulated
• BMV: Below market transactions – Borrow 75% Market value capped at 90% of Purchase price
• Light or heavy refurbishment/conversions – same rates – NO rate loading
• No experience hurdles – First time buyers acceptable for non regulated
• SPEED: Duel rep on solicitors (Regulated & non regulated)
• Regulated (chain breaks) 1st & 2nd charges
• Bridging Dips only take 1 minute to submit to us for our review and run an AVM at NO COST

https://www.lendinvest.com/intermediaries/products/bridging/

Refurbishment bridge 85% Gross (£100k – £1.5m)

• Borrow 85% Gross
• Rolled interest for 12 months
• Net borrowing 74%
• Capped at 75% GDV
• No experience needed
• Exit onto our BTL with us covering legal fees & contribution towards val fee (standard properties- free,HMOs & MUFBs we cover first £500)