LendInvest has made a number of updates to its buy-to-let lending criteria, which include broader rules for houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB).
The lender has brought out an HMO product for first-time landlords and it will also offer rental yield based valuations on small HMOs, which it defines as up to six rooms, in Article 4 areas.
Article 4 of the General Permitted Development Order gives local authorities who use them the right to withdraw specified permitted development rights in certain areas. It was updated in 2011.
The lender will also accept HMO and MUFB applications on its Tier 2 range which will widen access to funding for more landlords. Its Tier 2 criteria is for non-UK, EU and EEA nationals subject to underwriter approval.
Andy Virgo, sales director for buy-to-let at LendInvest, said: “Evolving criteria is key to helping brokers and landlords alike get more from LendInvest.
“Listening to what our partners desire by way of flexibility and forever growing what we can offer is a sign of our commitment to the specialist lending market.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
