LendInvest has joined SimplyBiz Mortgages’ lender panel.
LendInvest offers buy-to-let mortgages to professional landlords on properties based in England and Wales, offering flexible underwriting for portfolio landlords, Interest Cover Ratio assessed at 5% – or at the pay rate for the five year fixed rate product.
It also offers the ability to mortgage up to 20 properties with an aggregated borrowing of £5 million.
In addition, LendInvest accepts cases involving multiple occupation properties (HMO) and multi-unit freehold blocks (MUFB), offering two tiers of products, including a second tier allowing for applicants with minor credit issues.
Martin Reynolds (pictured), CEO of SimplyBiz Mortgages, said: “We are always looking to expand our lender distribution and are especially keen to work with lenders that offer new opportunities for our members. The LendInvest proposition does just that and I am pleased to welcome them onto our panel.
“I believe its breadth of criteria and flexible approach to both clients and cases will make it an attractive proposition for our member firms.”
Ian Boden, sales director at LendInvest, added: “As we look to extend our distribution, we are delighted to be partnering with a leading mortgage club of SimplyBiz’s size.
“Their customer first approach marries perfectly with the way we work at LendInvest, using technology to deliver the right finance to borrowers at speed.”