LendInvest Mortgages (LSE: LINV), a fintech platform dedicated to specialised lending, has announced the release of a suite of new and enhanced products designed to better serve the diverse needs of today’s borrowers.
Recognizing that not all borrowers fit the traditional lending mold, these updates aim to provide “greater flexibility and support for a wider range of clients.”
The new offerings include a range of limited edition, “competitive residential Remortgage products.”
Borrowers can now benefit from no product fees “on Tier 3 and 4 loans, reduced rates on Tier 0-2 no product fee options, and attractive 5-year fixed rates at 65% and 75% LTV with a £1995 product fee.”
The introduction of Interest-Only options up to “70% LTV and 75% LTV for part-and-part mortgages provides greater flexibility for borrowers.”
LendInvest has also announced that it will increase “the Max LTV to 75% on small Multi-Unit Freehold Blocks (MUFBs) on its Buy-to-Let range, allowing property investors to enhance their investing and purchasing power.”
Sophie Kettle, Commercial Director at LendInvest, said:
“LendInvest recognises that not all home-buyers fit the traditional mould for High Street lending, and that’s why we’re delighted to make available this limited edition of Remortgage products. We understand that every borrower’s situation is unique and personal, and that’s why we believe that these product enhancements reflect our ongoing commitment to providing options that meet the evolving needs of brokers’ clients.”
Kettle added:
“We also know that property investors are always wanting to increase their investing and purchasing potential, and by increasing the Max LTV on smaller MUFBs we are giving them a clear path to achieving their property goals.”
As covered, LendInvest is the UK’s technology-driven platform for mortgages and is listed on the London Stock Exchange (AIM: LINV).
LendInvest has reportedly lent over “£7bn of short-term, development and buy-to-let mortgages.”
LendInvest plc is a public limited company registered in England and Wales.
Borrowing via LendInvest and its affiliates involves “entering into a mortgage contract secured against property.”
Your property may be repossessed if you “do not repay your mortgage in full.”
As noted in the update, LendInvest is the UK’s platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages “to intermediaries, landlords and developers.”
Its 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 institutions such as the following: HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to “securitize a portfolio of BTL mortgages.”
The company has reported “annual profitable growth” since 2015.
