Leading UK Fintech and online mortgage provider LendInvest has joined MCI Mortgage Club’s lender panel. The move was said to be driven by the desire to offer the company’s Buy-to-Let mortgage products to a wider audience of brokers. Mortgage Club members will now have access to LendInvest’s “BTL platform” where applicants can receive “instant decisions” and faster turnaround times to receiving money.
LendInvest notes that recently the company made some changes to its BTL products, including introducing additional products at 65% and 70% LTV and a cashback contribution for legal fees on its 75% LTV 5 year fixed rate products.
Ian Boden, Sales Director at LendInvest, commented on the participation in the lending panel:
“We are delighted to be partnering with MCI Mortgage Club at a key time of growth for LendInvest. Demand continues to ramp up for our BTL product; with new partners on both the funding, and distribution sides of our business, we are well equipped to serve their extensive network of brokers and borrowers.”
Phil Whitehouse, Head of MCI Mortgage Club, welcomed LendInvest, adding that the online lender truly understands its customers and provides solutions in a very effective manner:
“LendInvest’s ability to alleviate crucial pain points for brokers through the use of their platform is one of the reasons we were keen to partner with the business.”