Head of Content
Mortgage Advisor & Director
Lendinvest
About Lendinvest
Lendinvest are known to provide commercial mortgages and we often refer our customers to them, but only after comparing their products with the rest of the market.
We have a deep working relationship with Lendinvest and often find they are a good fit for our clients. As part of our thorough process, our brokers will review their rates and deals to establish whether they are the perfect fit for the client’s needs and circumstances - if there is a more suitable option elsewhere, our brokers will help them secure it quickly.
Moreover, the independent commercial mortgage brokers on our team can occasionally access exclusive deals from Lendinvest that aren’t available if you go direct.
Compare Lendinvest commercial mortgage rates
You can use our expert advisers to compare the latest commercial mortgage rates from Lendinvest with deals from other providers across the market.
They will round up personalised quotes from Lendinvest and alternative lenders and offer bespoke advice on which one to choose.
To get started, fill in our quick online form below and one of our expert commercial mortgage advisers with be in touch today!
What kind of commercial mortgages do Lendinvest offer?
Lendinvest offer commercial mortgages for investment (commercial buy-to-let) and owner-occupier purposes, typically on an unregulated interest-only basis.
You can use their mortgages to invest in or operate out of the following property types:
- Retail premises
- Factories
- Warehouses
- Leisure facilities such as pubs or gyms
- Offices
- Public service buildings such as healthcare facilities or colleges
- Places of worship
- Hotels, guest houses and B&Bs
- Farms and agricultural land
- Mixed-use property
Semi-commercial mortgages may also be considered on a case-by-case basis.
Eligibility criteria
Due to the unregulated nature of this type of lending, Lendinvest applies a flexible criteria to their commercial mortgages and can assess applications on a case-by-case basis.
This means their mortgage requirements aren’t set in stone and they are able to offer bespoke deals. It will, however, help your cause if you have the following:
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Plenty of deposit: At least 25% will give you a good chance of approval but if you can put down extra security, you may secure a better rate.
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A solid business plan: Not always necessary but may help convince Lendinvest that the investment is viable, particularly if you will be trading from the premises.
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Clean credit: Again, not always a requirement as commercial lending can be flexible, but having clean credit will always work in your favour.
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Relevant experience: Having a strong track record in the industry in question can also boost your prospects. For example, having retail experience will be advantageous if you are using a commercial mortgage to buy a shop.
Speak to a broker to get a comparison of Lendinvest’s criteria against other commercial mortgage lenders’ to find out which provider is the best fit for you.
What interest rates do they offer?
You won’t see Lendinvest advertise their commercial mortgage rated online. This is because their deals are bespoke and the rates calculated on a case-by-case basis.
In general, though, you can expect higher rates than what is typically available for residential mortgages right now, but this is true of commercial mortgages from most lenders.
The exact rate you end up with will be determined by the following factors:
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Loan size and purpose
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Your business trading history, finances and industry experience
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The industry itself, more niche businesses purposes can be harder to fund
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Business and personal credit history
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Deposit size/secured asset value
Do Lendinvest offer bad credit commercial mortgages?
Yes. Due to the bespoke nature of commercial lending Lendinvest can assess applicants with bad credit on a case-by-case basis and apply flexible criteria where appropriate.
Severe bad credit such as bankruptcy or repossession is likely to cause issues unless they occurred long ago, especially if it casts doubt on the viability of the investment. For example, you have consolidated debts from failed business ventures within the same sector.
Your chances of getting a commercial mortgage with bad credit from Lendinvest will improve if you:
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Can put down extra deposit/security
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Have a track record in the relevant industry
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Have clean credit
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Can convince Lendinvest that the investment is strong
If you are applying for a commercial mortgage with bad credit, speaking to a broker before you begin can give you a clear idea of whether Lendinvest are likely to approve you.
How much will Lendinvest let you borrow?
This will depend on a range of different factors including your business’ operating profit and Adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (AEBITDA).
Commercial lending is more complex than residential, which is usually capped at 4.5 times salary. Commercial mortgage lenders such as Lendinvest do not use income multiples to determine maximum borrowing and tend to have flexible upper lending caps.
As this form of lending is bespoke, the amount you can borrow will be tied to the strength of the investment. Speak to a broker to get some rough calculations before you apply.
Do you need a broker to apply for a commercial mortgage with Lendinvest?
It is highly recommended that you speak to a commercial mortgage broker before you apply for a business mortgage with any lender, whether that’s Lendinvest or another UK provider.
There are many advantages to consulting with a broker, rather than going direct to a lender, not least the fact that you won’t be limiting yourself to just one line of products.
Here are some of the other benefits of applying for your commercial mortgage through a specialist broker:
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They will compare deals from every UK commercial lender for you
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They can access exclusive, broker-only rates and deals
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You’ll get help with all of your paperwork
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We can save you time and money by matching you with the right lender, first time
Our brokers have a deep working relationship with Lendinvest and will compare their latest deals with equivalent products from other providers to help you find your ideal commercial mortgage.
Get started here to book in a free, no-obligation chat with a commercial mortgage adviser today.
FAQs
Whether Lendinvest are a ‘good’ lender is relative. While they are reputable in the commercial mortgage space, they aren’t the right option for everyone; so while they might be a ‘good’ lender for one borrower, they might be best avoided by others.
You can get a rough idea of how highly other customers have rated them by looking them up on consumer review aggregation services, such as TrustPilot.
Alternatively, speak to one of our commercial brokers and they will carry out a thorough assessment of whether Lendinvest would be a ‘good’ fit for your secured loan.