LendInvest Residential Mortgages: The Smart Choice for Brokers

As a specialist lender, we’re committed to helping support the new era of homeownership

The UK mortgage market is undergoing a significant transformation. The days of a simple, consistent monthly income are becoming less common, replaced by a modern economy of self-employment, second jobs and unique income streams. This shift has created a gap between traditional high street lenders, who often struggle to adapt to these complex financial scenarios, to specialist lenders like LendInvest, who have more experience in this sector. LendInvest has stepped into this space, helping to redefine the residential mortgage landscape.

We understand that an applicant’s financial story is not always reflected in a single credit score. Whether your client is a key worker with variable shift pay, a self-employed professional with just one year’s accounts or has a history of adverse credit, at LendInvest, we believe that we can make the path to homeownership that bit easier.

Our approach goes beyond rigid, automated assessments, prioritising a comprehensive look at the bigger picture. We have designed a flexible and efficient process to ensure that your clients, even those with complex financial needs, have the ability to access the funding they need to secure their dream home.

Navigating the UK Mortgage Market: The Types of Customers We May Be Able to Support

Navigating the UK mortgage market can be a challenging task as it is, but trying to find a lender who caters to your client’s specific needs can feel impossible. You may turn to a specialist lender, like LendInvest, instead of going to a high street lender but how do we stand out? 

At LendInvest, we allow applicants to borrow up to 90% LTV when buying a property, which is desirable for those first-time buyers. We can offer to help raise funds for your client’s Help-to-Buy mortgages so they can repay the original loan. Therefore, your clients can fully own their property and now only have to pay back one lender instead of the government and their current mortgage lender.

How LendInvest Simplifies Product Transfers

When it comes to Product Transfers, our Mortgages Portal offers a seamless experience, which can take as little as 24 hours for approval from the initial application.

We keep clients updated at every level, whether they are in the middle of an enquiry, application or waiting for funds to be issued. We always let you know what has already happened and what is next on your list. Recently, we’ve updated the Mortgages Portal to make sure that Product Transfers include complete transparency, minimal back and forth and no waiting around or refreshing pages as we understand your time is valuable.

Our committed and approachable teams of underwriters and case managers, who have decades of combined expertise work behind our technology to defend situations that might not fit the typical mould at face value, which means we may be able to offer more flexibility for those clients who have a more complex situation.

Solutions for Self-Employed and Complex Incomes

Mortgage lenders, particularly those in the speciality lending sector, have had to keep up with the pace of the world’s rapidly changing economy. As a result, self-employment, side hustles, and irregular pay cheques have increased while the typical monthly consistent income has decreased. We recognised this shift and modified our underwriting process to suit the kinds of clients you might have.

Unlike some high street lenders, we accept CIS contractors and SPV incomes and we only need one year’s worth of tax returns or SA302 from self-employed clients when applying for a mortgage. 

We don’t have a cap on employment length for a client as long as they can provide at least 3 months of proof of their income, while we assess their affordability and we can accept 100% of income from other sources. 

More than a Credit Score: How LendInvest Underwrites your Client’s Mortgage Application

As we observe an increase in applicants with adverse credit histories, the way mortgage lenders assess a credit report needs to change. Many high street lenders reject candidates based solely on their credit score without considering the whole picture. 

However, at LendInvest, we consider an applicant’s entire credit history rather than just their credit score when making decisions. We have split our lending criteria into four distinct categories – Premier, Advantage, Progress and Support – each one designed to cater to varying levels of allowable adverse credit. 

A Realistic Approach to Homeownership

The UK mortgage market is not a one-size-fits-all environment. While high-street lenders serve a large portion of the market, they often lack the flexibility to underwrite cases with complex incomes or adverse credit history. Specialist lenders like LendInvest have developed a more realistic approach, offering a solution for those who may have been turned away elsewhere.

By focusing on an applicant’s full financial history rather than just a credit score and by accepting varied income sources, we are making homeownership accessible to a wider demographic. The ability to lend up to 90% LTV and to handle product transfers and remortgages with efficiency are key features of our process. 

Ultimately, this approach provides a key pathway for brokers to secure a mortgage for clients with diverse and non-traditional financial profiles.

LendInvest plc is a public limited company registered in England and Wales (No. 8146929). Registered

Office: 4-8 Maple Street, London, W1T 5HD.

LendInvest Mortgages and LI Mortgages are registered trading names of LendInvest Loans Limited. LendInvest Loans Limited is authorised and regulated by the Financial Conduct Authority (FRN:737073). LendInvest Loans Limited is a company registered in England & Wales (Company No. 09971600) and is a wholly owned subsidiary of LendInvest plc.

Regulated lending is provided via LendInvest Loans Limited (Company No. 09971600). Unregulated lending is provided by LendInvest BTL Limited (Company No. 10845703) and LendInvest Bridge Limited (Company No. 11651573), which are wholly owned subsidiaries of LendInvest plc.