Specialist property finance lender LendInvest has announced its new buy-to-let (BTL) loan products for the specialist lending market.
Targeted at professional property investors and landlords operating across England, Wales and Scotland, the BTL loans are available for sums between £50,000 and £5 million on terms of up to 30 years.
Those within the residential property investment market will benefit from the competitive loans – available via intermediaries with a maximum loan-to-value of 80% and including two, three and five-year fixed rate products.
Brokers can apply for BTL products for their clients via LendInvest’s online platform. This paperless system has been designed to mitigate any potential risks in the BTL mortgage process and enhance the accessibility of BTL loans currently on offer.
Ian Boden, sales director at LendInvest, commented: “Our online proposal system has been specially designed to be highly efficient, quick and easy to navigate, and lets brokers dip in and out of their clients’ applications at times that suit them.”
“Combining these benefits with highly competitive rates, we’re confident LendInvest BTL loans will fast become a commonplace feature of the specialist lending market,” he added.
Set to provide efficient administrative support to LendInvest’s underwriting team, the products will allow the lender to be responsive to complete borrowers’ deals as quickly as possible.
Ian Thomas, co-founder and chief investment officer at LendInvest was pleased to launch the product following a successful pilot phase. He said: “This launch is a natural step for LendInvest taking us into the longer duration specialist lending space for the first time.”
He added: “Offering BTL loans is a critical strategic step that not only serves to address a continuing funding shortage, but takes us closer to our long-term ambition of becoming a leading whole-of-market mortgage lender.”