LendInvest has made changes to its lending criteria to facilitate larger loans and different types of projects.
The specialist mortgage lender said that landlords can now borrow up to £2m at 70 per cent loan-to-value for standard properties and houses in multiple occupation (HMOs).
The limit has been raised to £3m for larger HMOs and multi-unit freehold blocks.
Rates will remain the same, starting at 2.89 per cent for two-year fixed rates and 3.19 per cent for five-year deals.
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“For a new product range we have completely refreshed the look and feel of our buy-to-let guides to make them a simpler way for brokers to get all of the information they need prior to making an application for their clients,” LendInvest said.
“We have a new comprehensive buy-to-let product guide, which includes all of our lending criteria, and a standalone buy-to-let rates guide for our latest rates and offers.”
LendInvest used to be a member of the now defunct Peer-to-Peer Finance Association, before it withdrew its P2P regulatory application in 2017 and closed its platform to retail investors.
It now focuses on City investors and has secured a number of large institutional funding lines, including separate £200m agreements with HSBC and the National Australia Bank.
LendInvest was reportedly considering a £500m initial public offering last year, but shelved plans in favour of a private fundraising.