LendInvest Mortgages, the UK’s platform for mortgages, announces the launch of a streamlined range of residential mortgage products, delivering simpler and faster options for homeowners.
This enhancement follows the “introduction of improved criteria in June and includes significant rate reductions, making LendInvest’s mortgage offerings more competitive and straightforward.”
Key Highlights are as follows:
- Streamlined product range: LendInvest has simplified its residential mortgage products to provide more straightforward options for brokers and their clients.
- Rate reductions: Up to 35bps off 2-year fixed-term products and up to 30bps off 5-year fixed-term products, offering more competitive rates to customers.
- Redesigned rate guide: A newly designed rate guide further simplifies the mortgage offering, ensuring clarity and ease of understanding for brokers and customers alike.
Paula Mercer, Head of Sales at LendInvest, commented:
“We are excited to bring these enhancements to our residential mortgage products. Our goal is to make the mortgage process as simple and efficient as possible for brokers and their clients. With these changes, we are confident that we can offer competitive rates in the market while maintaining the high standards of service our customers expect.”
As covered, LendInvest is the UK’s platform for property finance.
LendInvest explains that it “offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers.”
Its proprietary technology and user experience “are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.”
Its funders and investors include global institutions “such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages.”
The company has reported annual profitable growth since 2015.
As covered recently, LendInvest Mortgages, the UK’s platform for mortgages, announces the introduction of dual representation for bridging projects, now available across our entire product range. This innovative feature, powered by LendInvest’s Mortgages Portal, “offers customers greater flexibility and efficiency in managing their bridging deals.”