LendInvest cuts bridging rates and launches bridge-to-term service

LendInvest has reduced its rates across its bridging product range and introduced a new bridge-to-term transition service.

Monthly interest rates will now start from 0.55% for residential bridging, auction and development exit products and 0.79% for commercial bridging loans.

The bridge-to-term service will offer borrowers looking to purchase residential property at auction, undertake refurbishment or carry out minor development the opportunity to then switch to one of LendInvest’s BTL mortgages

The bespoke product transition ensures that all of the borrower’s funding requirements are met at each stage of the project.

"As the business’s lending capital grows, we are able to be more agile and offer better rates,” said Matthew Tooth, chief commercial officer at LendInvest (pictured above).  

“Cutting our bridging rates in this way – supported by the depth of expertise within our BDM and underwriting teams – puts us in a highly competitive position when it comes to providing quotes for finance to intermediaries looking for the best deal for the borrower.”

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