"It’s good to see a specialist lender returning to the 90% LTV space, demonstrating confidence in the market."
LendInvest has partnered with its full panel of 14 packager firms to continue the rollout of its new residential homeowner product.
LendInvest will join the packagers’ lender panels, which means brokers will now be able to access LendInvest's new residential range, alongside its full existing product range of short term products and buy-to-let mortgages.
Partner firms include Dynamo, Brightstar, 3MC and Mortgages for Business.
The residential mortgage product is LendInvest’s first entry into the UK homeowner mortgage market and is aimed at borrowers with multiple sources of income, the self-employed and small-business owners.
Tony Field, sales director at Dynamo, said: “We’re delighted to see the launch of LendInvest’s new range of residential mortgages that bring some exciting options for our clients such as the qualified professional mortgage with an income multiple of 6.49. It’s good to see a specialist lender returning to the 90% LTV space, demonstrating confidence in the market. Our team have always been impressed with LendInvest’s easy and straightforward submission process and I anticipate a very positive response to this new residential range from brokers and clients alike.”
Gina Blagden, head of sales at Brightstar, added: “When operating in the specialist market, we wouldn’t normally have the opportunity to start the process until an application has already been declined by several lenders, and time becomes a major factor. We need providers like Lendinvest who not only give us early access to competitive products, but can also offer flexible solutions to our clients’ needs.”
