Lendco is a specialist BTL and Bridging lender formed in 2018 to eradicate some of the frustrations experienced by intermediaries in the UK mortgage market. We understand what it means to be an intermediary and the challenges of servicing professional property investors. We pride ourselves on making quick, common-sense lending decisions.
We help place your cases using manual underwriting and not a computer says no approach. We will provide you with a quick decision, assisted by our daily credit forums with decision-makers. Our BDMs are accessible and empowered to make decisions.
Applicant Types:
- Ex-Pats – no currency or residency restrictions
- Foreign Nationals (minimum £350k loan up to 65% LTV)
- UK-based foreign nationals with ILR (up to 75% LTV)
- Trading companies
- Layered companies
- SPVs
- LLPs
- Trusts (minimum £500k loan)
- Portfolio landlords
- Corporate Lets to 36 months
- Registered Housing Associations – leases of up to 15 years
Asset Types:
- HMOs – up to 20 beds (refer to BDM if over 12)
- MUFBs – no upper limit
- HMOs within Multi-Units
- No limit on the number of storeys within London, max 20 outside of London
- Ex-local authority
- Holiday lets
Lender USPs:
- Direct access to underwriters, case managers and completions – with same contact all the way through the process
- Daily Credit Forum – a discussion with full credit team for any bespoke cases, case exceptions or large loans – quick next day credit backed decisions
- VAS panel valuations instructed by broker
- Full proc fee on PT’s – including new business rates
