The Appetite Statement is a pre-agreed limit of what LendInvest would be willing to lend to the borrower based on specific parameters.
LendInvest has introduced Appetite Statements for landlords seeking a pre-agreed financing offer for their future projects.
The Appetite Statement is a pre-agreed limit of what LendInvest would be willing to lend to the borrower based on specific parameters, allowing landlords to source investment opportunities with the benefit of a shorter underwriting process upon application.
Andy Virgo, director for buy-to-let at LendInvest, said: “Our aim has always been to give our borrowers the confidence to secure their next property with a solid financing offer on the table, we believe our new Appetite Statements will deliver on that aim in a whole new way.
“With buy-to-let landlords included in the recent SDLT reduction changes, there has been no better time to provide an investor with a sign of our commitment to them.”
