LendInvest has teamed up with Mortgage Brain to bring its buy-to-let product to a wider intermediary audience.
This partnership follows recent changes to LendInvest’s buy-to-let product in which it dropped its headline five-year fixed rate to 3.60% with the ICR being assessed at the product pay rate, of 3.60%.
The lender also reduced its product fees to 1% for all standard property and HMO mortgages.
By partnering with Mortgage Brain, LendInvest will now be able to roll out its buy-to-let product to the Mortgage Brain’s customer base of over 22,000 intermediaries.
Mark Lofthouse, CEO at Mortgage Brain, said: “We’re delighted to have completed this partnership with LendInvest. By making its buy-to-let product available our customers now have an even greater choice and the added certainty of being able to offer a first-class mortgage advice service that meets the individual needs of their clients.”
Ian Boden, sales director at LendInvest, added: “Partnering with a market leader in optimising the loan sourcing process like Mortgage Brain, marries directly with our goals as a lender. Internally, our team work continuously to alleviate pain-points in the application process, and we strongly believe this should start at the point of search.
“As we ramp up the distribution of our buy-to-let product one year on, Mortgage Brain’s extensive and diverse member-base will be a true asset.”