LendInvest, the UK’s leading mortgage platform, has announced significant reductions to its Residential Mortgage range in a bid to enhance its offerings for key workers, the self-employed, and individuals with complex income streams and credit histories. The lender’s Residential Mortgage product now features rates starting from 6.44%, with reductions across both the 2-year and 5-year fixed ranges.
In a move aimed at providing long-term stability for customers, LendInvest has reintroduced its 90% LTV for 5-year fixed mortgages. This will enable more customers to benefit from the product and enjoy a secure financial future.
The company has also introduced a new feature for brokers, allowing them to download PDF versions of every application, both past and future, through the LendInvest portal. This will streamline the documentation process, making it more efficient for brokers and enhancing the overall mortgage experience for homeowners.
LendInvest’s proprietary technology platform plays a crucial role in simplifying and expediting even the most complex mortgage applications. This advanced technology improves the overall process, making it faster and more accessible for all parties involved.
Esther Morley, the Managing Director of Residential Mortgages at LendInvest, emphasized the company’s commitment to meeting the ever-changing needs of homeowners and brokers. The company is dedicated to continuously improving its product range and ensuring a seamless mortgage application process for its customers.
In addition to these updates, LendInvest has recently launched a residential mortgage product in collaboration with Legal and General Mortgage Club. The product is now available to members of the mortgage club, which is the UK’s largest and longest-running mortgage club. Legal and General Mortgage Club facilitates around 30% of all intermediated mortgages and is involved in one in four UK mortgage transactions. In the first half of 2023 alone, it facilitated over $48 billion in mortgage lending.
LendInvest’s new residential mortgage product aims to cater to borrowers with multiple sources of income, as well as self-employed individuals and small business owners. The company’s advanced technology platform is expected to streamline the mortgage process, particularly in more complex situations.
Looking ahead, LendInvest plans to further expand its mortgage offering on a national scale, solidifying its position as a leading player in the UK’s mortgage market.
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