The lender has increased its maximum loan size per asset to £5m and upped its portfolio exposure limit to £20m. The limits were previously £3m and £10m respectively.
The lender has also widened its criteria for first-time landlords, so they can now access house in multiple occupation (HMO) and multi-unit freehold block (MUFB) loans up to £2m.
Criteria around new builds, flats above commercial and ex-local authorities have also been tweaked.
The changes are part of a “bold, ambitious, and in keeping with demand regularly seen from property investors”.
Alex King, executive director at Lendco, said: “We feel now is the time to broaden criteria to assist more landlords in what we are expecting to be better market conditions for property investment.
“Our latest product pricing sees us [as] a pretty compelling option in many areas, especially at lower loan sizes. We also have the appetite to help larger landlords with whole-portfolio refinances, which we can price on a bespoke basis.
“We researched extensively to identify areas where demand is high and borrowers under-served, and we look forward to helping a broader pool of borrowers with their financing needs”.
Lendco recently launched a refurb bridge product and closed a £408m buy-to-let (BTL) securitisation in the summer.
The company has also hired Sheryl Kirk as its national account manager and added three members to its bridging team.
