LendInvest

LendInvest is a UK-based online lending platform. The lending criteria for their loan products, is as follows:

• Loan Purpose: LendInvest provides loans for a range of purposes, including bridging finance, development finance, and buy-to-let mortgages.

• Property Type: LendInvest provides loans for a range of property types, including residential, commercial, and semi-commercial properties.

• Loan Amount: The minimum loan amount is typically £75,000, and there is no maximum loan amount.

• Loan Term: The loan term is typically between 1 and 36 months for bridging finance and up to 24 months for development finance, although longer terms may be considered on a case-by-case basis. For buy-to-let mortgages, the loan term is typically up to 30 years.

• Loan-to-Value (LTV) Ratio: LendInvest may lend up to 75% of the property’s open market value (OMV) for first charge loans, and up to 70% of the OMV for second charge loans.

• Repayment Strategy: Borrowers are required to have a clear and viable exit strategy for repaying the loan, such as selling the property, refinancing with a mainstream lender, or using other sources of funds.

• Borrower Requirements: LendInvest considers borrowers with a range of backgrounds and circumstances, including individuals, limited companies, partnerships, and trusts. Borrowers must be over 18 years of age and have a UK bank account.

• Credit History: LendInvest will assess the borrower’s credit history, although adverse credit may be considered on a case-by-case basis.

• Fees and Charges: Borrowers will be responsible for paying various fees and charges, such as arrangement fees, valuation fees, legal fees, and exit fees. These will vary depending on the loan product and borrower circumstances.

It’s worth noting that these criteria are subject to change and may be different for each loan product offered by LendInvest.