LendInvest a UK-based marketplace for property financing, announced on Wednesday it has joined Sesame and PMS’s lender panel to ramp up distribution of its Buy-to-Let and Bridging products. According to LendInvest, the network and mortgage club’s member firms will now be able to register with LendInvest and access its full range of Buy-to-Let and HMO mortgage products as well as unregulated bridging loans.
LendInvest recently announced it has made some updates to its BLT products as valuation was permitted to go ahead. The online reported that two year fixed rates start at 2.99% available up to 65% LTV, and 3.29% up to 70% LTV, with a maximum loan size of £750,000. The lending platform has also reintroduced its five year fixed rate 75% LTV product, which will be available at a rate of 3.99%, with 70% LTV available at 3.49%, and 65% LTV at 3.29%. Andy Virgo, Director for Buy-to-Let at LendInvest, stated at the time of the updates:
“As a lender that has remained open for business over the last couple of months I am confident that we are in a uniquely advantageous position to best serve our customers as valuers return to work, all whilst staying alert to the evolving crisis-environment.”
LendInvest further noted that it offers a full suite of bridging loans at competitive rates, lending against residential, commercial, and land. Rates for this product range starts at 0.55% and run up to a maximum of 75% LTV. Speaking about joining lender panel, Virgo commented:
“Amidst 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.”
Stephanie Charman, Specialist Lending Relationship Manager for 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 buy-to-let and bridging offering.”