Lending Criteria

Diversification statement

Diversification is the key focus when minimising any losses incurred by our investors. Consequently, Lendy aim to spread the Wealth account investments in as many loans within its criteria as possible, with the spread based on type, LTV and geography.

Lending Criteria

Specialism Fast development and refurbishment finance; bridging lending
Charges 1st, 2nd
Interest rate range Finance from 0.7% p/m
  • Bridging - 0.7%
  • Development - 0.85%
Fees Negotiable (typically 1% in, 1% out)
Security types Residential, commercial, mixed use, agricultural and development finance
Unacceptable security types Commercial property (where more than 50% of the sq footage of the property is commercial i.e. of ce/industrial/warehouse/retail)
Valuations Must be instructed from an MRICS surveyor on panel. No older than three months
Treatment of interest Rolled, retained & serviced
Max LTV 70%
Max Loan to GDV 70%
Max Loan to Cost 100%
Min/Max Loan Term 6–24 months (other terms considered)
Min/Max Loan Size £50k–£5m
Geographical lending area United Kingdom
New builds Yes
Refurbishment Yes
Conversions Yes
Grade listed buildings Yes
Mixed schemes Yes
Planning permission needed Yes
Early redemption charges Negotiable
Investment Yes
Owner occupied Yes (if residential is less than 40%)
Interest-only options Yes