A new Bridge-to-Let product is being introduced to borrowers from London's LendInvest

UK marketplace for property finance LendInvest has launched a new Bridge-to-Let product.

This new product targets borrowers seeking to refurbish a property before exiting to a Buy-to-Let mortgage.

The loans are available for amounts between £75k and £750k. The Bridge-to-Let product will be available for the light refurbishment of residential properties.

Matthew Tooth, chief commercial officer at LendInvest, said: “With the second anniversary of our BTL product launch in sight, we can confidently explore how we can add further value for our borrowers when building their BTL portfolios.

“In launching our Bridge-to-Let product, we are able to provide flexible finance that landlords need during those important early stages of a BTL investment.

“At LendInvest, we build our products in a way that allows us to serve our borrowers at each and every stage of their project. Keeping our customer front of mind allows us to continue delivering the right products to market, at speed.”

The project is said to be more ‘beneficial’ to those who require a short-term residential loan - before the switch to a Buy-to-Let mortgage.

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