The products are available up to 90% LTV with rates starting at 5.39%
Mortgage distributor Paradigm has announced that its member firms have secured access to LendInvest’s new range of residential mortgage products.
During March, LendInvest launched the range, which includes its Key Worker Mortgage, Credit-Friendly Mortgage, and a Qualified Professional Mortgage.
The mortgages are all aimed at borrowers who have more complex credit histories and sources of income, including those with multiple income sources, those recovering from financial issues, single key workers, and those on zero hour contracts.
This week we launched our Residential Mortgage range, for the first time providing homeowners around the UK with products tailored to their circumstances. 🏠
— LendInvest (@LendInvest) March 24, 2023
For more information, visit our site: https://t.co/LhTWaSipjT pic.twitter.com/iXXhbrgx0m
LendInvest is offering residential mortgages up to 90% loan-to-value (LTV), with rates starting at 5.39%, with maximum loans available of £1.5 million.
The fintech lender is backed by a £300 million funding agreement with Lloyds Banking Group.
“In recent months we’ve seen movement from a number of specialist lenders into the residential mortgage space, and this from LendInvest is another very welcome decision for both advisers and their residential clients who have more involved or complex needs,” Richard Howes (pictured), director of mortgages at Paradigm Mortgage Services, commented.
“This is a product range which looks at the needs of a number of growing borrower demographics, and it’s particularly positive to see mortgages for key workers and professionals, who can benefit from a more individual approach when it comes to their finances. We’re very pleased to be able to give all our Paradigm member firms access to this new range, and have no doubt it will generate considerable interest among the intermediary community.”
Sophie Mitchell-Charman, commercial director at LendInvest, added that they were equally as excited to be launching their new residential mortgages via Paradigm, one of their longest standing mortgage distributor partners.
“It’s a hugely exciting time at LendInvest right now with the launch of our new residential mortgages product,” Mitchell-Charman said. “It’s great to continue working together and to be delivering more innovative products for their members.”
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