LendInvest Offers Fee-Free BTL Options for New Business and Product Transfers
21 August, London – LendInvest Mortgages (LSE: LINV), a leading UK fintech platform dedicated to specialist lending, has announced enhancements to its Buy-to-Let Offerings. New purchases and remortgages across a range of property types will have the option for no product fees. The lender is also launching a range of up-front fee-free Product Transfer options.
These updates serve as a benefit to intermediaries, giving them more options to support their clients, whether they are purchasing, remortgaging or looking to refinance.
These product enhancements come after the company updated its Mortgages Portal to further streamline its approach to the Product Transfer process. The new features include enhanced visibility across all upcoming PTs, proactive notifications within the platform and a simplified user experience where a DiP can be submitted in as few as 11 clicks.
Paula Mercer, Director of Sales at LendInvest, said: “LendInvest’s core mission has always been to make mortgages simple, and these enhancements to our BTL range do just that.
By eliminating product fees for new purchases and remortgages, we’re giving property investors the opportunity to maximise the earning potential on their investment.
For borrowers coming up to the end of a loan, introducing up-front fee-free Product Transfers, combined with the recent updates to our Mortgages Portal, gives them the ability to seamlessly obtain a new line of financing that is affordable without having to sacrifice significant amounts of time.”
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.