LendInvest BTL changes coming 28th September

LendInvest will be making several changes to a few of their BTL ranges from Monday 28th September, the bulk of which are for their Standard BTL products. Here is a preview of the changes:

Standard BTL

  • Limited Edition 80% LTV Max £500k
  • Max advance now £1m @ 75% LTV
  • First-time landlords now accepted up to 70% LTV
  • Studio flats now accepted within Greater London (no smaller than 30m2)
  • New build loans up to 75% LTV, no premium on pricing
  • Apps invited for a single dwelling and flats only (flats above commercial will be excluded)
  • Minimum £40k income
  • Remortgage and purchase
  • Cannot add fee above LTV ( 80% gross)
  • Clear and clean credit profile – no defaults, missed payments or CCJs
  • No Exceptions
  • Must meet experience criteria (No first-time landlords)

Small HMO

  • Fee reduced to 1.5% up to 6 rooms
  • Student Lets accepted up to 75% LTV

MUFB up to 10 Units

  • Max LTV up to 75% – £1m advance

Cashback up to £700

  • 5 year fixed rates – Standard Properties – £500 cashback towards legal
  • Additional £200 cashback for ANY APPLICATION that used Open Banking

 

View the updated product guides here

View the updated lending criteria here

Easy Video Reviews

{{startingCount}}
{{time(finishingCount)}}
{{trans(`You have no camera installed on your device or the device is currently being used by other application`)}}
{{trans(`Please try visiting this page with a valid SSL certificate`)}}
{{trans(`You can record up to %s minutes, don't worry you will review your video before sending`, time(preference.limits))}}
{{trans('Seconds')}}
{{trans(`You can record up to %s minutes, don't worry you will review your video before sending`, time(preference.limits))}}
{{trans('Uploading video...')}}
{{send.message}}

{{trans('Upload video')}}

{{trans('Drag your files here or click in this area')}}
{{uploader.file}} {{uploader.size}} x