LendInvest has launched a business division focused on its residential, landlord and bridging customers.
The digital lender says its LendInvest Mortgages unit, will now house products across these three areas, on a platform management system that allows brokers full sight of loans as they progress.
The firm also launches LendInvest Capital, which houses its investment business, including funds, a self-select platform, retail bonds and financial partnerships.
This unit also caters for professional property developers looking for larger, or more bespoke, financing for projects.
LendInvest commercial director Sophie Mitchell-Charman says: “LendInvest Mortgages will build on the reputation for excellence we’ve developed over our 15-year history in the mortgage market — by focussing more intently on creating market-leading mortgage technology, connecting brokers with our expert people, and ultimately offering the best products for every type of mortgage customer.”
Yesterday, the lender brought back seven-year landlord loans for investors “seeking longer-term stability”.
Its seven-year products are offered on 55% loan to value at 6.59%, on 65% LTV at 6.64% and on 75% LTV at 6.69%. The loans carry a 2% product fee.