LendInvest rolls out first home loan products Mortgage Strategy

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LendInvest has rolled out its first entry into the UK homeowner mortgage market with a range of products for Sesame Network and PMS Mortgage Club members.   

The asset manager property platform says these networks will be able to access its new residential homeowner range, as well as existing buy-to-let, houses in multiple occupation mortgage products and bridging loans.  

Its home loans are aimed at borrowers with multiple sources of income, the self-employed and small-business owners.    

Earlier this month, the platform announced that it had increased its warehouse funding line from Lloyds Bank to £300m ahead of its entry into the UK home loans market.   

The firm, founded in 2008, began beta tests with a group of mortgage brokers in December.  

Sesame Network and PMS Mortgage Club members are part of the Sesame Bankhall Group, which covers over 10,000 advisers.  

LendInvest commercial director Sophie Mitchell-Charman says: “From the very beginning of our roll-out plans, we knew we wanted to partner with Sesame Bankhall Group to bring this exciting new mortgage product to life and we are looking forward to the next chapter of our journey alongside them.”   

Sesame Bankhall Group strategic relationships director Stephanie Charman adds: “There are a range of people who struggle to get a mortgage from mainstream lenders.   

“This includes customers with blips in their credit history, along with people such as public sector workers who have a steady income but are being priced out of the market due to rapidly rising house prices.   

“LendInvest’s residential mortgage products and flexible underwriting approach offer advisers and their customers a potential solution in what continues to be a challenging buying environment for many people.”   


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