Lendinvest Saying yes to BTL cases who have been declined + Borrow more on Bridging

• HMOs with no communal rooms and each bedroom having own kitchenette and ensuite (bed sits) – ok with us
• Standard valuers on HMOs with multiple kitchens/ all en-suites does not work– we will instruct Method on HMOs with more than 1 kitchen, more than 2 en-suite, Article 4 of over 6 beds.
  
• Limited company structures where the layers do not mirror – ok with us providing all layers have an acceptable sic code as per the attached
• Properties next door to pubs, off licences, in commercial areas – Usually ok with us, please refer to me before submitting so we can give you comfort on our appetite
• First time landlords – OK with us on HMOs up to 6 beds, standard let properties and MUFB up to 6 units (one application must be owner occupied with application income of £30k)
• Affordability –we are using market rent which in most cases tends to be more than the passing rent helping leverage more

•  Its back, genuine below market value transactions we can lend up to 75% against the market value capped at 90% of purchase price
•  Refurbishment bridging, lending more than our competitors , no monitoring, with option to exit on our BTL – 85% gross, capped at 75% GDV, free legals and standard val on the BTL exit
•  No experience hurdles – we do not need experience on standard bridging providing one applicant on the application is NOT a FTB – light or heavy refurbishment acceptable

Any questions please ask

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