LendInvest has joined Sesame Network and PMS Mortgage Club's lender panel to increase distribution of its bridging and BTL products
Member firms will now be able to register with the lender and have access to its unregulated bridging loans and its full range of BTL and HMO mortgage products.
It’s two-year and five-year fixed rates currently start from 2.99% and 3.39% respectively.
The ICR assessment is 5% across all products, except for the five-year, fixed-interest 70% LTV offering which sits at 4%.
The maximum loan size for small HMOs and MUFBs is currently £750,000.
Rates for its bridging loans start at 0.55% and up to a maximum of 75% LTV; and can be lent against residential, commercial and land.
Sesame and PMS are part of Sesame Bankhall Group, which is a distributor of mortgages and ancillary services, providing its members with access to exclusive loan products.
Andy Virgo, director for BTL at LendInvest (pictured above), commented: “Amid an uncertain time for property professionals around the country, it’s great to be announcing another partnership with brands as large and established as PMS and Sesame.
“Now more than ever it is key to be offering the finance that borrowers need to get their businesses back on track and, as the housing market continues to show more positive signs of movement, we’re delighted to be reaching more customers with the aid of such an experienced distributor.”
Stephanie Charman, specialist lending relationship manager at Sesame and PMS, added: “As we work through these uncertain times, I am delighted we have been able to expand our lender panel, adding LendInvest to our BTL and bridging offering.
“A more expansive product range is good news for our members and their landlord clients, along with the wider BTL market.”
