In case you missed our changes or would like to know about our USPs, please see summary below,Buy-to-let – RECENT UPDATES
- New streamlined product transfer process
- Reduced rates
- Increased our LTVs to the following:
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- 80% for standard properties & small HMOs
- 75% on MUFBs
- 75% for large HMOs
- 75% for holiday lets & introduced fixed rates
- https://www.lendinvest.com/
intermediaries/products/ product-transfer/ - https://www.lendinvest.com/
intermediaries/products/buy- to-let/
Bridging – RECENT UPDATES
- Lending on below market value transactions @ 75% Market value capped at 90% of purchase price
- Introduced Duel rep solicitors on non regulated bridging
- Streamlined our bridge to let/ refurb to let (light and heavy works at same price) exit within 12 months – NO obligation to exit on our BTL
- – https://www.lendinvest.com/
intermediaries/products/ bridging/
Residential – RECENT UPDATES
- Zero hour contractors
- CIS workers using payslip income (minus CIS payment)
- Child maintenance – non court ordered @ 50%
- 2nd Job income at 100% even different line of work (if less than 50 hours PW)
- https://www.lendinvest.com/
intermediaries/products/ residential-mortgages/
Don’t forget we still offer the following:
Buy-to-let
- Layered corporate structures
- 56 acceptable sic codes
- Independent legal advice waiver for experienced landlords
- Properties Next to/ near commercial
- Market rent used for affordability instead of passing rent- even if this is higher
- First time landlords on HMOs & MUFBs (small)
- Tier 2 adverse
- Free valuations on standard BTLs and holiday lets
- Day 1 re-mortgages lending against uplifted value
- MUFBs max 10 units
- HMOs -mac 15 rooms, no communal rooms required
- Commercial valuers instructed on heavily adapted or large HMOs
Bridging
- 85% refurb to let product – (BTL exit: Free legals, app fee waiver, free val on standard BTL & for HMO/MUFB we cover first £500)
- No experience required
- First time buyers – limited company – non regulated
- Light/heavy refurb – no rate loading
- 10 questions for DIP – manually reviewed
- AVM – max 70% purchases residential only – Free done at DIP
Residential
- No debt to income ratio or credit score
- Concessionary purchases where parents remain in the property
- No minimum income
- 90% LTV debt con, business usage and further property investment (does not need to have found a property)
- Enhanced income multiples including:
- Key workers @ 5.49x income multiple
- Qualified professionals @ 6.49x income multiple
- 1 years self employed
- More than 1 years accounts, Work off latest years accounts
- Adverse and underwriter flexibility – comms/utilities can be disregarded at underwriters discretion