The new feature offers increased flexibility and efficiency in the management of bridging deals
LendInvest Mortgages has announced the introduction of dual representation for bridging projects, now available across the specialist lender’s entire product range.
The new feature, powered by the LendInvest’s Mortgages Portal, offers customers increased flexibility and efficiency in managing their bridging deals. Dual representation allows customers to select a single law firm to act on behalf of both themselves and LendInvest, streamlining the legal process, speeding up deal completion, and reducing costs by eliminating the need for multiple legal representatives.
Customers can access the feature and benefit from bridging rates starting at 0.84% through the Mortgages Portal.
“Our dual representation option is designed to provide our customers with enhanced convenience and cost savings,” said Leanne Ardron (pictured), director of bridging at LendInvest. “By utilising dual representation, we can significantly speed up the bridging process, enabling our customers to complete their projects faster and more efficiently.
“This is another example of how our Mortgages Portal is driving innovation and improving the overall customer experience.”
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In May, the lender implemented rate adjustments and enhancements to its bridging product suite, reducing rates by up to five basis points for residential bridging loans up to £3 million, semi-commercial and commercial loans up to £1.5 million, and development exit loans up to £1 million.
The bridging range now offers up to 85% loan-to-value with low monitoring refurbishment finance, targeting buy-to-let refurbishments, house flips, and auction purchases.
The specialist lender also offers specialised support for semi-commercial and development exit projects. Brokers can access live updates and instant quotes through the Mortgages Portal, facilitating a more efficient application process.
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