LendInvest (LSE:LINV), a real estate financing platform, has launched a residential mortgage product. According to a statement from LendInvest, the product is now available to Legal and General Mortgage Club members.
LendInvest states that Legal & General Mortgage Club is the largest and longest-running mortgage club in the UK. The entity is involved in around 30% of all intermediated mortgages and one in four of all UK mortgage transactions. During the first half of 2023, they facilitated more than $48 billion of mortgage lending
LendInvest explains that this mortgage product aims to serve borrowers with multiple sources of income or self-employed/small business owners. In more complex situations, LendInvest’s technology is expected to streamline the mortgage process.
LendInvest expects to ramp up mortgages to a national level
Esther Morley, MD for Residential Homeowner at LendInvest, said by extending the new residential mortgage product, they are enhancing their suite of products to empower homebuyers with accessible and efficient mortgage options.
“Partnering with Legal & General, a stalwart in the mortgage industry with its extensive network and renowned mortgage club, underscores our commitment to collaboration and customer-centricity.”
