LendInvest (LSE:LINV), which claims to be the UK’s leading platform for mortgages, has made key reductions to its Residential Mortgage range as it continues “to improve its offering for key workers, the self-employed and those with complex income streams and credit histories.”
The lender’s Residential Mortgage product now “offers rates starting from 6.44%, with reductions across both the 2-year and 5-year fixed ranges.”
LendInvest has reportedly “reintroduced its 90% LTV for 5-year fixed mortgages, to support more customers with long term stability.”
Brokers are now able to download PDF versions of “every application, past present and future via the LendInvest portal, for documentation purposes.”
The lender’s proprietary technology platform, “which makes even the most complex of cases simpler and faster, improves the overall mortgage experience for homeowners.”
You may access the full updated LendInvest Residential Mortgage range on site here.
Esther Morley, MD of Residential Mortgages at LendInvest, said:
“Adjusting our product set to match the ever changing needs of homeowners and our brokers alike is of the highest priority for the team. We are delighted to be releasing these new and improved updates for our Residential Mortgage range, and improving the process by which you apply for and secure a mortgage with us.”
As covered, LendInvest, 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