LendInvest establishes 200-strong broker panel for new buy-to-let offering
Property finance lender LendInvest has established a national broker panel, following the launch last November of its new buy-to-let (BTL) product.
The London-based company said the panel comprises more than 200 brokers, packagers and other deal introducers.
LendInvest’s BTL mortgages are only available through intermediaries, who it said play an important role in raising awareness of the product among prospective borrowers.
The company is targeting portfolio landlords and has already processed several hundred signed BTL applications, a number of which have completed.
Demand, LendInvest said, has been particularly high in the West Midlands, South West and the North.
James Hardwick, from Milton Keynes-based Charleston Financial, said: “LendInvest’s online calculator is the best in the market.
“It’s really helping brokers to do a quick quotation of affordability, before progressing an application through the excellent online broker portal.”
Doug Hall, of Greater Manchester firm 3mc, commented: “It is both welcome and refreshing that a new entrant can come to market demonstrating a commerciality of underwriting approach.”
LendInvest sales director Ian Boden said: “It has been very gratifying to sign up so many broker and other intermediary partners in the few weeks since we launched our first BTL loans.
“We are hugely appreciative of their support at such an early stage. It has really allowed us to hit the ground running with the new product, confident that there is strong market demand for the sorts of loans we are offering.”
He added: “As the panel beds down and traction grows, we expect demand for LendInvest BTL loans to increase significantly through the year.”