LendInvest has reduced the minimum loan size across its bridging finance range.
LendInvest will now accept applications for loans of £75,000 or higher – down from £100,000.
Matthew Tooth, Chief Commercial Officer at LendInvest, said: “By reducing our loan size, we will automatically open up the LendInvest proposition to more prospective borrowers working and investing in UK towns and cities far beyond London and the Southeast. 2017 will be the year that we look to accelerate our lending throughout the country.”
The decisions follows the launch of LendInvest in Northern England and Scotland in recent months and will apply to all residential and commercial bridging loans.