Loans are available from £75,000 up to £15m.
Residential bridging rates include:
- from 0.55% up to 50% LTV
- from 0.69% up to 65% LTV
- from 0.80% up to 75% LTV
The specialist lender has reintroduced its auction finance and bridge-to-let highest LTV products at 75%, with rates of 0.80%.
“As we continue to see more encouraging signs across the housing market with projects getting back underway, we feel confident in adjusting our product suite to meet the needs of our borrowers,” said Justin Trowse, director for bridging finance at LendInvest (pictured above).
LendInvest has also updated its commercial bridging range, with semi-commercial bridging and commercial loans now available up to 70% LTV with rates starting from 0.79%, and up to 65% LTV with rates starting from 0.90%, respectively.
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Land loans can be offered up to 65% LTV, with rates starting from 0.90%.
Loan sizes for these products range between £250,000 and £15m.
In addition, it has also refreshed its development exit product, with a maximum LTV bracket of 70% and rates starting from 0.55%, with loan sizes from £250,000-10m.
“Remaining open for business over the past couple of months has not only ensured we were available to our customers, but has also allowed us to quickly tailor our offering as one of the first lenders to reinstate our higher LTV products,” added Justin.
“We are hopeful that the coming weeks will see more positive news for both the country and the industry, and we are primed and ready to deliver finance to those who need it.”
The full product range can be viewed on LendInvest’s product guide page.