LendInvest improves rates and loan terms

The lender has increased the maximum term for its commercial bridging loans from 12 to 24 months, and reduced rates. Monthly interest rates on these loans now start from 0.79%.

It has also tweaked its deals for borrowers seeking looking to convert a commercial property for residential occupation using pre-construction finance, refurbishment finance or a development finance loan.

Rates have been reduced for a number of these products and the lender has also reduced the minimum loan size on pre-construction finance loans from £1m to £75,000.

LendInvest sales director Ian Boden (pictured) said: “All of our products are built with the borrower in mind, meaning we must be continually flexible about adapting product offerings and scrutinising our range to see where improvements can be made.

“Commercial-to-residential conversions are a very popular choice among borrowers for maximising the use of a property while creating a large return on investment.

“Fine-tuning our approach to funding both same-use and conversion commercial projects is a result of listening to our borrowers and what works for them,” he added.