LendInvest launches Residential Mortgage Product to whole of UK market to support key workers and professionals
London, 22 March 2023 – LendInvest, the UK’s leading platform for mortgages, has launched its full Residential Mortgage product range to all UK intermediaries, aimed at supporting customers underserved by high street mortgage lenders.
From today all intermediaries will now be able to access LendInvest’s new Residential Mortgage range, with an entirely online experience using the LendInvest portal.
The range includes a Key Worker Mortgage, Credit Friendly Mortgage and Qualified Professional Mortgage, each tailored to serve the needs of customers with more complex income sources and credit histories.
Rates start from 5.39% and LTVs up to 90%, customers of the LendInvest Residential Homeowner range are eligible for £400 off valuation fees, or free valuations under £400.
Backed by a £300 million funding agreement with Lloyds Banking Group, the product range is LendInvest’s official entry into the UK’s £1.2 trillion homeowner mortgage market. LendInvest’s proprietary technology platform, which makes even the most complex of cases simpler and faster, improves the overall mortgage experience for homeowners.
Esther Morley, MD for Residential Mortgages at LendInvest commented: ”Today is a landmark day for both LendInvest and the mortgage market as we bring our 13-year track record of proprietary technology and people-driven expertise to residential mortgages market wide.
“There are a significant number of people in the UK with complex income streams or multiple streams of income – from NHS contract workers to actors to barristers to self employed individuals – who find it harder to get a mortgage because of their income sources or less regular pay cheques. These customers, alongside those with more complex credit histories, are often overlooked by mainstream lenders.
“Our new product range is tailored to their needs, providing access to the finance they require to buy the home of their dreams, without all the stress and hassle. “
Access the full LendInvest Residential Mortgage range on site here.
About LendInvest
LendInvest is the UK’s leading platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.
Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages. The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.