LendInvest partners with key packager firms to bring its Residential Homeowner product to a wider market
London, 14 March 2023 – LendInvest, the UK’s leading platform for mortgages, has partnered with its full preferred panel of 14 packager firms to continue the rollout of its new Residential Homeowner product.
Within these partnerships LendInvest will join the packagers’ lender panels, which means brokers will now be able to access LendInvest’s new Residential Homeowner range, alongside its full existing product range of short term products and Buy-to-Let mortgages.
Partner firms include Dynamo, Brightstar, 3MC and Mortgages for Business.
The Residential Mortgage product is LendInvest’s first entry into the UK homeowner mortgage market and is aimed at borrowers with multiple sources of income, the self-employed and small-business owners.
LendInvest’s proprietary technology platform, which makes even the most complex of cases simpler and faster, improves the overall mortgage experience for homeowners.
Tony Field, Sales Director at Dynamo said: “We’re delighted to see the launch of LendInvest’s new range of residential mortgages that bring some exciting options for our clients such as the Qualified Professional mortgage with an income multiple of x 6.49. It’s good to see a specialist lender returning to the 90% LTV space, demonstrating confidence in the market. Our team have always been impressed with LendInvest’s easy and straightforward submission process and I anticipate a very positive response to this new residential range from brokers and clients alike.”
Gina Blagden, Head of Sales at Brightstar added: “When operating in the specialist market, we wouldn’t normally have the opportunity to start the process until an application has already been declined by several lenders, and time becomes a major factor. We need providers like Lendinvest who not only give us early access to competitive products, but can also offer flexible solutions to our clients’ needs.”
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.