LendInvest Mortgages cuts bridging loan rates

By Bridging Loan Directory 16th May 2024

LendInvest Mortgages, the UK’s leading platform for mortgages, has announced new rate reductions and enhancements to its Bridging product suite; the last in a transformative week of updates for the full LendInvest Mortgages product offering.

LendInvest has reduced rates by up to 5bps for residential bridging loans up to £3 million, semi-commercial and commercial up to £1.5 million and development exit loans up to £1 million.

This rate cut makes LendInvest’s bridging products even more attractive for property investors looking for cost-effective financing options.

The enhanced bridging range now offers up to 85% LTV with low monitoring refurbishment finance, suitable for BTL refurbishments, house flips, and auction purchases.

LendInvest also provides specialised support for semi-commercial and development exit projects.

Brokers can benefit from live updates and instant quotes through the LendInvest Mortgages Portal, ensuring a streamlined and efficient application process.

This announcement marks the culmination of a transformative week for LendInvest Mortgages, following recent enhancements to its Residential and BTL product suites.

With improvements spanning rate reductions, new product offerings, and increased loan limits, LendInvest continues to solidify its position as the go-to lender for customers with diverse and specialist financing needs.

Sophie Mitchell-Charman, Commercial Director at LendInvest, said:

“We are thrilled to cap off a week of major improvements across our entire product suite with these rate reductions for our Bridging range.

These changes in particular further our goal of providing simple, fast, and cost-effective bridging solutions for our customers.

By carefully monitoring the market and expertly enhancing our product offerings, we are reinforcing our commitment to providing flexible, competitive, and efficient mortgage solutions.

Whether it’s residential, Buy-to-Let, or bridging finance, LendInvest aims to be the first choice for customers who need innovative solutions to complex financing challenges.”