LendInvest completes four-day buy-to-let purchase

Published on

Property finance platform, LendInvest, has funded the purchase of a HMO property in four days for an experienced landlord in West London.

The borrower was looking to buy a tenanted HMO, a 10-bedroom house in West London.

Due to the tight timeframe in which the borrower required funding, LendInvest worked fast to facilitate the loan resulting in completion just four days after offer.

The loan size was £451,500 based on an LTV of 70% on a LendInvest buy-to-let two-year fixed rate product.

This was the first completion for Birketts solicitors with the lender following its recent addition to the LendInvest buy-to-let panel.

Lauren Eaton, head of loan operations at LendInvest, said: “The speed at which this case was delivered is a true testament to the perfect combination of the relationship we have with our professional partners, the deep expertise of the LendInvest team and the technology enabled processes that allow us to move quickly, while maintaining quality of funding and service.

“I’m delighted to be announcing this deal delivered in record time as our first completion with Birketts, a confident sign of a team that holds the same approach to fast, flexible lending as we do.“

Shlomo Fink, head of specialist mortgages at DAS Finance, added: “We have had an amazing experience with LendInvest in general and especially with this case. The full team from underwriting, case manager and bank manager were all working to reach the goal and help the client complete on time.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Landbay adds 11 tracker products and cuts rates by up to 15bps

Landbay has expanded its buy-to-let tracker range with 11 new products and reduced rates...

Howden expands in North Wales with Wrexham office

Howden has opened its first commercial insurance office in Wrexham as the broker expands...

UK buyers reluctant to compromise despite affordability pressures

UK homebuyers remain committed to purchasing a property but are less willing than buyers...

Keystone trims buy-to-let fixed rates by up to 15bps

Keystone Property Finance has reduced pricing across a number of its buy-to-let mortgage ranges,...

Saffron expands expat landlord range and eases residential income criteria

Saffron for Intermediaries has broadened its specialist mortgage criteria with new expat HMO products...

Latest publication

Other news

Landbay adds 11 tracker products and cuts rates by up to 15bps

Landbay has expanded its buy-to-let tracker range with 11 new products and reduced rates...

Howden expands in North Wales with Wrexham office

Howden has opened its first commercial insurance office in Wrexham as the broker expands...

UK buyers reluctant to compromise despite affordability pressures

UK homebuyers remain committed to purchasing a property but are less willing than buyers...