Online lender LendInvest Mortgages (AIM:LINV) says it will offer two new products: House Flip Bridge and Landlord Refurb Bridge.
Both products aim to boost lending activity while providing borrowers the agility and speed they need to acquire and quickly flip homes. Both products are 85% LTV, with interest rolled automatically to be repaid at the end of the loan. The minimum loan size is £100,000 for both products.
Sophie Mitchell-Charman, Commercial Director at LendInvest Mortgages, said their commitment to innovation to market demand compells them to continuously update to service the market.
“With the launch of the House Flip Bridge and Landlord Refurb Bridge we are looking to empower landlords and property investors alike to seize opportunities, increase yields, and thrive in the dynamic property market. These new products, combined with our dedicated support and market-leading portal, reflect our unwavering commitment to supporting our borrowers while they do what they do best, build high quality homes.”
LendInvest has lent over £6 billion of short-term loans backed by global institutions like JP Morgan, HSBC, Citigroup and others.