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January 30, 2018

LendInvest confirms 200-strong buy-to-let broker panel two months after launch

London, 30 January 2017LendInvest, the leading specialist property finance lender, has announced the formation of a national broker panel, comprising more than 200 brokers, packagers and other deal introducers, following the launch of its buy-to-let (BTL) product in late November 2017.

 

LendInvest BTL mortgages are only available via intermediaries who consequently play an important role in raising awareness of the product offering among high quality, prospective borrowers. The lender’s ability to assemble a panel of over 200 brokers in the ten-week period that included the Christmas and New Year hiatus demonstrates the appetite of brokers to get behind good quality products in the market.

 

LendInvest BTL loans are available for amounts between £50,000 and £5 million, and on terms of up to 30 years. A maximum loan-to-value of 80% applies. They have been priced to be highly competitive in the current specialist BTL market, and include attractive 2, 3 and 5-year fixed rate products. Loans are available for professional individuals and limited companies. The BTL product has been developed with portfolio landlords in mind and caters for the full spectrum of the residential property investment market.

 

In the weeks since the product’s launch, LendInvest has processed several hundred signed BTL applications and completed a number of its first cases.

 

James Hardwick of Charleston Financial in Milton Keynes said: “LendInvest’s online calculator is the best in the market. It’s really helping brokers to do a quick quotation of affordability, before progressing an application through the excellent online broker portal.”

 

Doug Hall of 3mc in Greater Manchester added: “It is both welcome and refreshing that a new entrant can come to market demonstrating a commerciality of underwriting approach.”

 

The product is proving popular at a national level, with demand particularly high in regions such as West Midlands, Northern England and the South West.

Ian Boden, Sales Director at LendInvest, commented: “It has been very gratifying to sign up so many broker and other intermediary partners in the few weeks since we launched our first BTL loans. We are hugely appreciative of their support at such an early stage. It has really allowed us to hit the ground running with the new product, confident that there is strong market demand for the sorts of loans we are offering. As the panel beds down and traction grows, we expect demand for LendInvest BTL loans to increase significantly through the year.”

About LendInvest

LendInvest is the UK’s online marketplace platform for property finance and one of the UK’s largest non-bank mortgage lenders. The company lends finance to professional property investors and developers, and makes it possible for all sorts of investors – from individuals to some of the world’s largest financial institutions – to invest in the loans it originates. To date LendInvest investors have invested over £1.2 billion in loans, helping to bring 4,000 new or improved homes into the UK market.

Launched in 2013, LendInvest is a fast-growing and award-winning FinTech business. In December 2016, LendInvest was named one of the Sunday Times and Virgin Media’s Disrupt 10, a list of the ten most disruptive businesses in the UK; and in September 2017, LendInvest debuted in the Sunday Times Tech Track 100 and was named Europe’s Allstar Company at the Investor Allstars Awards.

LendInvest is the only online lender to have been rated three times by a regulated European credit rating agency.

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