LendInvest joins L&G's panel to increase BTL distribution

The club’s member firms will now be able to register with the platform for property finance and access its full range of BTL and HMO mortgage products.

LendInvest’s two-year fixed rates start from 2.89%, with five-year fixed rates starting from 3.19%.

The lender’s ICR assessment rate is 5% across all products, with the exception of the five-year fixed interest product, which remains at 3.6%.

“We are very excited to be announcing this partnership with one of the largest and longest-operating mortgage clubs in the market,” said Ian Boden, sales director at LendInvest (pictured above).

“Experience is crucial in our industry, and it’s something Legal & General isn’t short of.

“After a great year for the product, the team is now all systems go in getting more, good quality deals through the door.

“Working with a mortgage club with Legal & General’s expertise is a fantastic way to kick off our distribution plans for the year.” 

Danny Belton, head of lender relationships at L&G Mortgage Club, added: “Although LendInvest is a relative newcomer to the BTL market, its products and criteria offer another great option for many landlords.

“I am delighted to add LendInvest to the L&G Mortgage Club lender panel so that we can work in partnership to provide our members with access to its proposition.”