LendInvest partners with 14 packager firms to roll out new resi product

By: ameer@trustedteam.com

LendInvest has partnered with 14 of its packager firms to continue the rollout of its new residential homeowner product.

Partner firms include Dynamo, Brightstar, 3MC and Mortgages for Business.

Brokers will now be able to access LendInvest’s new residential homeowner range, alongside its existing product range of short-term products and buy-to-let (BTL) mortgages.

The residential product is LendInvest’s first entry into the UK homeowner mortgage market.

It is aimed at borrowers with multiple sources of income, the self-employed and small-business owners.

Dynamo sales director Tony Field says: “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.”

Brightstar head of sales Gina Blagden adds: “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.”

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