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Lendinvest are a technology-driven, crowdfunding platform for real estate investments. Founded in 2013 and headquartered in London. They are one of the world’s largest real estate crowdfunding platforms that are authorised and regulated by the Financial Conduct Authority.
They connect property investors with individuals and institutions looking to invest in property loans. LendInvest aims to make it easy for investors to find and fund loans, and for borrowers to get the best possible terms on their loans.
Their business model is quite simple – we identify opportunities, put projects through a rigorous testing process and build the systems, processes and processes to give our investors the best possible investment choices. We then provide funds and payments on our investors’ behalf, sharing the profits with them.
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They are committed to making property finance simple for landlords and developers across the UK.
Lendinvest has developed a range of time-saving technologies to improve the experience when working with them, these range from online calculators to provide instant quotes for buy to let and bridging products, and online portals which simplify the application process for bridging and buy-to-let mortgages.
They also adopt time-saving technologies like using electronic signatures for applications and offers, and digital identity checks.
They offer a range of products including:
- Bridging loans
- Auction finance
- Refurbishment bridging loan
- Commercial mortgages
- Semi-commercial mortgages
- Development finance
- Buy to let mortgages
- Limited company buy to let mortgages
- HMO mortgages
- Multi-Unit mortgages
Are LendInvest rates competitive?
Lendinvest design its products to be competitive, however, the competitiveness can change depending on their appetite to lend and the products available from their competitors.
It is important to review the whole market, and your current and future situation to decide if the mortgage is competitive and suitable to you.
All aspects of the product should be reviewed to determine its competitiveness. Aspects such as initial interest rate, revert rate, fees charged, flexibility of the product and so on.
A mortgage advisor may have access to mortgage lenders that are broker exclusive, therefore they may be able to find a more competitive or more suitable product for you.
Can I remortgage or switch my rate with LendInvest?
If you are an existing customer of LendInvest and looking to switch your rate when your initial rate is coming to an end. You will need to remortgage to another lender. Lendinvest do not offer product transfers or rate switches for their existing customers.
An independent mortgage advisor can help you remortgage to another lender whether you are just looking to change your deal or whether you are looking for additional borrowing.
Independent mortgage advisors can advise on all products available in the market and find the best option for you.
Are LendInvest quick to offer?
Lendinvest offer a variety of products from bridging to buy to let mortgages. The time it takes to get an offer will differ depending on the product chosen and your situation.
Bridging applications are generally quicker as they are often used for quick or auction purchases whereby there are tight deadlines in which the transaction must complete by.
For buy to let mortgages LendInvest’ average time from application to offer is around four weeks. However, again this duration depends on the individual situation.
A mortgage broker experienced in working with LendInvest may be able get a mortgage offer quicker than going direct as they will know what information is required and will present this at the start of the application and then can chase Lendinvest if the application has stalled.
What do I do if Lendinvest has declined me?
If you’ve been declined a mortgage from LendInvest, you should firstly investigate to find out why this was. Was the decline due to your situation, the property or credit history?
A mortgage advisor could help you find another lender that is more suitable and may be willing to give you a mortgage. Expert mortgage advisors get to know which lender is best suited for different situations, situations such as adverse credit, complex income, or any specific criteria about your situation or the property.
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Lendinvest is a technology-driven, crowdfunding platform for real estate investments that was founded in 2013 and is headquartered in London. They are one of the world’s largest real estate crowdfunding platforms that are authorised and regulated by the Financial Conduct Authority.
They offer a range of products including bridging loans, auction finance, refurbishment bridging loan, commercial mortgages, semi-commercial mortgages, development finance, buy to let mortgages, limited company buy to let mortgages, HMO mortgages, and multi-unit mortgages.
Lendinvest offers a variety of products that can be competitive depending on their availability and the products offered by their competitors. It is important to review all aspects of the product, including fees, interest rates, flexibility, and so on, to determine its competitiveness. A mortgage advisor can have access to mortgage lenders that are broker exclusive and may be able to find a more competitive product.
If you are an existing customer of Lendinvest and looking to switch your rate, you will need to remortgage to another lender. Lendinvest does not offer product transfers or rate switches for their existing customers. An independent mortgage advisor can help you remortgage to another lender and can advise on all products available in the market.
The time it takes to get an offer from Lendinvest will differ depending on the product chosen and your situation. A mortgage broker experienced in working with Lendinvest may be able to get a mortgage offer quicker than going direct.
If you’ve been declined a mortgage from Lendinvest, you should first investigate to find out why. A mortgage advisor could help you find another lender that is more suitable.
If you need mortgage advice, please fill out the form below and I NEED ADVICE will connect you with a mortgage advisor who can review the entire market and recommend the right mortgage for you.