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LendInvest completes “the perfect bridge” with Crystal Specialist Finance

Wednesday 28 Sep 2016

Online mortgage lender LendInvest has completed its first case with Crystal Specialist Finance (CSF).

The specialist distributor turned to LendInvest as its client needed funding quickly for an investment property, but would not be able to secure a buy-to-let loan due to the state of the property.

The house, in Christchurch, Dorset, had no working kitchen, bathroom or boiler, making it unsuitable for mainstream buy-to-let lenders. However, LendInvest was able to supply the bridging funding needed to purchase the property and carry out the necessary renovations.

The case fell within Tier 1 of LendInvest’s new tiered bridging loan product range. Tier 1 deals are more straightforward cases, and are available up to 75% loan-to-value. Interest rates begin at 0.65%. Tier 2 is for cases that are more complex, such as HMOs or non-standard construction properties, with rates beginning at 0.70%, while commercial cases have their own pricing tier.

Alex Kyriacou, Business Development Manager at LendInvest, said: “This was really the perfect bridge, and is a great example of the sort of case that our Tier 1 product was designed for. Deals that fall within this tier are available up to 75% loan-to-value, which is unusual in the current market.

“CSF’s case management team were terrific to work with - they went above and beyond to help us get this deal over the line. We look forward to working with CSF on more perfect cases in the future.”

Jo Breeden, Managing Director of CSF, said: “LendInvest has an excellent reputation for competitive pricing and a speedy service, both of which were truly proven with this case. Our client needed the funds quickly, and by working closely together we were able to secure the best possible result for them.”

HLPartnership extends specialist support for Partner Advisers with Crystal Specialist Finance agreement

Tuesday 06 Sep 2016

One of the UK’s leading independent mortgage and general insurance networks, HLPartnership (HLP) has selected Crystal Specialist Finance (CSF) as preferred specialist distributor partner for the commercial and bridging markets.

HLP, which was founded in 2001 and has over 400 Partner Advisers nationwide, selected CSF based on the company’s excellent service levels and application conversion rate with the decision giving its members access to expert advice and over 70 lenders, including exclusive product lines.

In addition, the award-winning companies’ marketing and new business development functions will work closely to inform the network of the latest news and products, as well as identify market opportunities and potential growth areas.

CSF, which operates across five core specialist divisions, also functions in the development funding, second charge loans and specialist mortgages sectors.

Chris Tanner, CEO of HLPartnership comments: “With the changes we are seeing across the market, especially from a regulatory perspective, it’s important that we continue to offer our Partner Advisers the right support and expertise when they need it for customers who need commercial finance and bridging.

“By adding CSF to our panel we will be providing more help and assistance in what is a specialist area of the lending market.”

“There is no doubt that the market has seen significant shifts over the course of the year,” adds Jo Breeden, managing director of CSF, “but the fact remains that we are still able to place the large majority of cases we receive with respected lenders at excellent rates.

“Many believe that a case that has been declined or is perceived as quite specialist is a lost cause, but nothing could be further from the truth and we have a track record which continues to speak for itself. We look forward immensely to partnering with HLP and their Partner Advisers to make a positive difference.”