LendInvest, a digital platform for property finance, has appointed top UK law firm Blacks Solicitors to its legal panel for its Buy-to-Let product. Blacks Solicitors specializes in providing legal advice to owners, landlords, lenders, and tenants of commercial and residential properties. Blacks will join four existing panel firms on legal matters relating to Buy-to-Let finance.
LendInvest adds that it recently reduced rates across its five-year fixed rate BTL range, with its 65% LTV product now available at 3.29% with a maximum loan of £1.5 million. The digital lender also introduced a new 70% LTV five-year fixed product at 3.39% with a maximum loan size of £1 million and a 75% LTV five-year fixed product at 3.49% with a maximum loan size of £1 million.
In January 2021, LendInvest announced a new £500 million funding partnership with J.P. Morgan to finance its BTL product.
Lauren Eaton, Head of Lending Operations at LendInvest, said that adding Blacks comes at a time of high growth for their BTL business, and they are excited to be bringing on a team with such extensive experience onboard.
“The Property team at Blacks have a good understanding of this area of the market, and I have every confidence they are the best team to provide comprehensive advice for our business and the property professionals we work with on a daily basis.”
Ian Errington, Partner at Blacks Solicitors, added:
“We are delighted to be working with LendInvest, which is a very proactive and progressive lender in the buy to let market. We are looking forward to supporting them in future projects. We have an award winning team at Blacks which specialises in complex buy to let work, so the synergies are clear for all to see.”