LendInvest, the UK’s leading online marketplace platform for property finance and investing, has partnered with buy-to-let mortgage distributor TBMC to offer its loans through the specialist packager’s broker panel.
Operating in the BTL mortgage market for over 30 years, TBMC are experts in the BTL loan process.
Providing support in the form of acting as the key advisor for brokers with specialist cases, TBMC assists intermediaries with assessing loan applications, and selecting the right lender to finance their client’s project.
The distributor will be offering the full range of LendInvest’s BTL loans, including the lender's 5 year fixed rate products at 3.49%, with the ICR calculated at 5%, and 3.6% with the ICR calculated at the product pay rate.
The partnership comes as LendInvest announces a record month for BTL applications in January 2019.
Jane Simpson, managing director at TBMC, said: “We are delighted to be working with LendInvest who have a very attractive buy-to-let mortgage proposition: bringing some healthy competition to the market, especially for complex buy-to-let cases such as HMOs, limited companies and portfolio landlords. TBMC's buy-to-let expertise enables us to deliver the right type of business for LendInvest, we anticipate a successful relationship.”
Ian Boden, sales director at LendInvest, added: “Over a year on from the our launch into the BTL market, the team have succeeded in developing our product proposition into a highly competitive offering. What remains crucial however, is bringing those products to the right customers.
“Partnering with a distributor of TBMC’s calibre will help us to continue to expand our market reach, given the services that they provide to some of the major networks. We are delighted to be working alongside a distributor with their experience and expertise in the industry.”