Lendco

Can Do.

BridgingBuy-to-LetLends on Land

Max LTV

75%

Interest from

0.69% pcm

Loan size

£100,000–£5m (£10m by referral)

Term

2 months–30 years

Charges

1st

Areas

England and Wales

Who they are

Lendco is one of the UK’s leading specialist lenders, providing bridging loans and BTL mortgages for property investors across England and Wales. We offer funding from £150,000 to £10m, up to 75% LTV, with terms ranging from 2 months to 30 years. Combining a user-friendly application portal with dedicated human support, we help brokers every step of the way. With a ‘can do’ ethos, we focus on delivering flexible solutions that enable our broker partners and their clients to succeed.

What they specialise in

We are specialists in complex bridging requirements and BTL mortgages. Our products cover residential, commercial and semi-commercial assets, as well as land with planning, and a range of borrower profiles including first-time landlords, foreign nationals, and limited companies.

Meet the team

Alex King

Executive Director

aking@lendco.co.uk

Graham Palmer

Business Development Specialist – Bridging

gpalmer@lendco.co.uk

Ben Pike

Senior Broker Sales Executive – BTL

bpike@lendco.co.uk

James Phillips

Senior Broker Sales Executive – BTL

jphillips@lendco.co.uk

Contact

9th Floor, 24 Monument Street, London, EC3R 8AJ

www.lendco.co.uk

sales@lendco.co.uk

Lending criteria

Funding model: Institutional investment
FCA regulated: No (CBTL permitted)
Fixed/variable interest: Fixed, tracker
Treatment of interest & default interest: Rolled, serviced; can extend 12 months on BTL by referral, subject to partial underwrite; default bridging rate 2% pm
Sectors: Residential, commercial, semi-commercial, land with planning
Max LTGDV: 70%
Max LTC: N/A
Min property value: £150,000
Valuation retypes: Yes, by approval
Rental calculations & exposure: Yes
Types of valuation accepted: AVMs, retypes, Red Book, short-form
New builds: Yes
Heavy refurb: Yes
Grade listed buildings: Yes – Grade II
Green/sustainable product: No
Planning permission needed: Yes – for land
Commission rate: Bridging up to 2%, BTL 0.75%
Associations/charters: NACFB
Types of landlords accepted: Limited companies, trading companies, individual, first-time, portfolio, foreign nationals and expats
Upfront fees: Yes
Broker portal: Yes
Early redemption charges: Yes
Investment: Yes
Owner occupied: No
Electronic signatures accepted: Yes
Lending on land: Yes