LendInvest Mortgages has reduced rates on its 85% Loan-to-Value (LTV) refurbishment bridging loan, making it cheaper than ever to spruce up properties for a tidy profit.

The new rate has been reduced to 0.98%, meaning investors can now secure a loan covering 74% of the property’s value after the refurbishment. This opens up new possibilities, making even ambitious HMO conversions more achievable.

LendInvest is also simplifying the application process so you can get your hands on the cash quicker. They’ve also streamlined their lending process to focus on Open Market Value (OMV). This means you can say goodbye to being limited by the property’s current value and unlock its full potential by borrowing against its worth after your renovation.

Leanne Ardron, director of bridging finance at LendInvest, explains: “At LendInvest, we’re committed to offering competitive rates and innovative products that help property investors take advantage of opportunities. With this rate reduction, our clients can unlock the true potential of their assets and secure an exit strategy based on the end value of the property, whether they’re completing a quick upgrade or embarking on a larger development.”