LendInvest Mortgages (AIM: LINV), the UK’s platform for mortgages, announces the launch of its new Expat Buy-to-Let mortgage products.
This launch marks another significant step in LendInvest‘s mission to simplify mortgage processes for all types of customer, “offering tailored solutions to meet diverse needs.”
The new Expat Buy-to-Let mortgages are “designed specifically for expatriate landlords, providing them with greater flexibility and competitive terms.”
The products offer up to 75% LTV and “are available for standard properties, HMOs and MUFBs.”
To qualify, borrowers must have a “minimum employment income of £50,000.”
These products are tailored exclusively “for experienced landlords, ensuring they meet the needs of those who understand the complexities of property investment from abroad.”
The mortgages are available “to Limited companies, Special Purpose Vehicles (SPVs), and limited liability partnerships.”
At the same time LendInvest Mortgages has “cut their BTL rates, with 75% LTV products now starting from 3.64%.”
Sophie Mitchell-Charman, Commercial Director at LendInvest said:
“We’ve listened closely to feedback from our customers and partners, and we understand the challenges that expat landlords face when seeking property finance. Our new Expat Buy-to-Let mortgage products are designed to provide fast, simple solutions, helping expat landlords to manage their portfolios more effectively from abroad.”
The new expat products are now “available on the LendInvest Mortgages Portal, where intermediaries can easily obtain quotes and apply on behalf of their clients.”
As covered, LendInvest is the UK’s technology driven platform “for mortgages, and is listed on the London Stock Exchange.”
LendInvest offers short-term, buy-to-let and homeowner mortgages.
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 £7bn of short term, development and buy-to-let mortgages.”
Its funders and investors include “global institutions such as J.P. Morgan, HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of buy-to-let mortgages.”
