LendInvest has made a flying start to its Scottish lending, completing a series of both bridging and development finance cases. LendInvest made its first strides into Scotland in June. I joined as BDM for Scotland from Shawbrook Bank, with significant experience of the mortgage market in the region.
Deals completed in the four months since we officially launched north of the border
A £480,000 bridging loan was made to an investor buying in the prestigious Quartermile area of Edinburgh. The investor needed to move quickly, on the same day as the application was received. LendInvest had not only approved the case but also instructed both valuers and solicitors.
A £200,000 bridging loan was made on a property in the West End of Glasgow, which is to be refurbished into an HMO. In addition, we’ve built a sizeable pipeline of further deals in both cities encompassing bridging and development finance loans.
Our approach to lending
LendInvest’s full range of bridging and development loans are available in Scotland, including the recently launched development exit bridge. The development exit bridge has been designed for developers whose project has reached practical completion, but they have not concluded selling the units, and allows them to switch to short-term, lower cost funding.
The reaction since we formally launched in Scotland has been fantastic – there is a clear demand for the LendInvest model of a varied product range of competitively priced loans and outstanding customer service.
Scotland offers fantastic opportunities for property investment. But investors have been hamstrung, with little access to fast, attractive bridging finance. We are changing that, combining innovative products, a quick turnaround and local expertise.
View our full range of products here.
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