LendInvest Mortgages has increased its AVMs to up to 75% LTV on unregulated bridging products. The fintech platform said the move reinforces its commitment to support SME property investors seeking access to quick funding. This, alongside dual representation for the legal process, allows for a quick process from application from completion. Recently, LendInvest improved its bridging enquiry form by making the process mobile friendly.
Inspired Lending has appointed Nathan Wilson as its new lending manager. He brings extensive experience to the role, having spent nearly a decade at United Trust Bank within the bridging finance team. Wilson joins the firm from Hampshire Trust Bank, where he served as a senior bridging underwriter. In his new role, he will be responsible for underwriting, case management and business development.
Vida Homeloans has announced a new distribution model as part of a multi-year mortgage transformation program. Developed alongside a number of key intermediary partners, the model sees the recently authorised specialist mortgage bank invest in the mortgage experience. As a result, all aspects of the mortgage experience have been moved into one expanded team, reporting to the firm’s chief operating officer, Tommy Wright. To support the evolution of the model, Vicky Birkby has been appointed as director of strategy and partnerships.
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