LendInvest reduces minimum loan size

Matthew Tooth LendInvest 2016

LendInvest has cut its minimum loan size to £75,000 from £100,000 as it expands to become a nationwide lender.

The lender says it is making the change after launching into both Northern England and Scotland, with lower average property values.

LendInvest chief commercial officer Matthew Tooth says: “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.”