LendInvest joins MCI Mortgage Club lender panel to extend buy-to-let product to more brokers

LendInvest, the UK’s leading marketplace for property finance, has joined MCI Mortgage Club’s lender panel to offer it’s buy-to-let mortgage products to a wider audience of brokers.

MCI Mortgage Club members will now have access to LendInvest’s online BTL platform where they can receive instant decisions, and enjoy faster turnaround times from application to completion.

LendInvest recently made a series of changes to its BTL products, including introducing additional products at 65% and 70% LTV and cash back contribution towards legal fees on its 75% LTV 5 year fixed rate products.

This announcement also comes soon after the news that LendInvest has received £200m in funding from National Australia Bank for the business to expand its capacity to lend in the BTL market.

Ian Boden, sales director at LendInvest, said: “We are delighted to be partnering with MCI Mortgage Club at a key time of growth for LendInvest. Demand continues to ramp up for our BTL product; with new partners on both the funding, and distribution sides of our business, we are well equipped to serve their extensive network of brokers and borrowers.”

Phil Whitehouse, head of MCI Mortgage Club, added: “LendInvest is a very welcomed addition to our growing lender panel. MCI members will be delighted by the way that LendInvest really understands its professional customers and provide swift and simple solutions in a very effective manner. LendInvest’s ability to alleviate crucial pain points for brokers through the use of their platform is one of the reasons we were keen to partner with the business.”