LendInvest has funded the purchase of a HMO property in four days.
According to the lender, the borrower was seeking the purchase of a tenanted HMO which is a 10-bedroom house in West London.
The product was a 70% LTV 2-year fix BTL offering, with the loan amount reaching £451,500.
LendInvest offers desktop valuations on short-term loans
Lauren Eaton, head of loan operations at LendInvest, said: “I’m delighted to be announcing this deal delivered in record time as our first completion with Birketts, a confident sign of a team that holds the same approach to fast, flexible lending as we do”
This was the first completion for Birketts solicitors with the lender following their recent addition to the LendInvest BTL panel.
Shlomo Fink, head of specialist mortgages at DAS Finance, added: “We have had an amazing experience with Lendinvest in general and especially with this case.
“The full team from underwriting, case manager and bank manager were all working to reach the goal and help the client complete on time.”