Paul Watson

Blend Network increases maximum LTGDV



Blend Network has increased its maximum LTGDV from 65% to 68%.

According to the lender, the change to its product offering will eliminate the need for two separate products by blending senior and mezzanine lending facilities.

Blend offers up to 90% LTC at rates starting from 0.75%, with decision in principle are made within 24 hours.

Paul Watson, head of origination at Blend Network, said: “Without a doubt, 2020 has been a strange year in the property market,.

"But, as a lender, we’ve seen very strong activity and hit fresh monthly records of lending in recent months. 

“We now feel confident to increase our lending parameters and push boundaries to continue to serve our borrowers by blending mezzanine and senior debt to become their lender of choice”.

Roxana Mohammadian-Molina, chief strategy officer at Blend Network, commented: “From a strategic point of view, I strongly believe that Covid-19 provided a unique opportunity to test the alternative lending market. 

“Over the past few months, we’ve stood by our borrowers, strengthened our existing relationships with them, and built new relationships."

She added that now is the time to win “good quality deals” while the lender sees pockets of the UK market continuing to outperform.


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