Online bridging lender launched by platform

Published on

Portfolio management platform, Lendlord, has unveiled an online bridging lender for property investors.

Available on the Lendlord platform, the automated lender will generate heads of terms, online applications and case tracking as part of a fully digital process.

Lendlord users who manage their portfolios using the platform will be able to review their bridging options based on the data already held on their portfolio and Lendlord users will also benefit from better terms.

Bridging is available for any non-regulated purpose up to a maximum LTV of 75%.

Currently, bridging loans are only available directly to landlords, but Lendlord is looking to bring out a solution for brokers “in the near future”.

Aviram Shahar (pictured), CEO of Lendlord, said: “This is a big step for Lendlord as we work towards building a one-of-a-kind technology solution to generate tailor-made financial products based on a user’s individual profile. Our engine-based bridging finance product will analyse a case and determine the terms, based on a user’s specific circumstances.

“It complements our existing Finance Hub, which provides automated recommendations for a range of financial products including buy-to-let mortgages and remortgages, bridging finance, secured loans, revolving credit for portfolios, commercial finance and landlord insurance.”

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

Brilliant racks up a memorable afternoon for charity

Brilliant Solutions was on cue at Rileys as 70 players and several late arrivals...

Rayner rules out rent controls

Housing Secretary Angela Rayner has ruled out rent controls in England, providing greater certainty...

Mortgage Brain adds Uinsure home insurance quotes to CRM platform

Mortgage Brain has integrated Uinsure with CRM Brain, allowing brokers to arrange buildings and...

Nationwide and Accord the latest to increase rates

Mortgage borrowers have been urged to review their options after Nationwide and Accord increased...

Four in five first-time buyers say schools failed to teach mortgage basics

Almost four in five UK first-time buyers believe their education failed to prepare them...

Latest publication

Other news

Brilliant racks up a memorable afternoon for charity

Brilliant Solutions was on cue at Rileys as 70 players and several late arrivals...

Rayner rules out rent controls

Housing Secretary Angela Rayner has ruled out rent controls in England, providing greater certainty...

Mortgage Brain adds Uinsure home insurance quotes to CRM platform

Mortgage Brain has integrated Uinsure with CRM Brain, allowing brokers to arrange buildings and...