LendInvest lowers loan threshold to £75k

Lower level designed to "accelerate" expansion in regional markets

Online mortgage lender LendInvest has cut its minimum loan size across all its resi and commercial bridging finance products, from £100,000 to £75,000.

The decision follows a roll-out of the business in Northern England and Scotland – where average property are a fair bit lower compared to the business’s London and Home Counties heartland.

Matthew Tooth, Chief Commercial Officer at LendInvest: “By reducing our loan size, we will automatically open up the LendInvest proposition to more prospective borrowers working and investing in UK towns and cities far beyond London and the Southeast. 2017 will be the year that we look to accelerate our lending throughout the country.”