Legal & General Mortgage Club has added broker-only specialist mortgage provider Lendco to its lending panel, which it says will expand its range of products for experienced property investors.

Lendco, launched in 2018, offers tailored and complex specialist buy-to-let solutions to professional property investors. It has completed nearly £1bn in total loan originations since its launch.

The lender says its maximum loan size for 75% loan-to-value products is £2m, and the maximum loan size per asset is £4m, as well as £10m per borrower.

Its houses in multiple occupation mortgages allow up to eight letting rooms and it will consider multi-unit leasehold, as well as local authority and housing association tenancies.

The lender adds if a landlord’s rental income doesn’t meet its affordability requirements, surplus earned income can also be used to cover any rental shortfall.

The firm also offers portfolio mortgages and accepts applications from ex-patriots and foreign nationals, including registered borrowers in the Channel Islands, the Isle of Man and Gibraltar.

Legal & General Mortgage head of lender relationships Club Danny Belton says: “With landlords buying more homes than they are selling for the first time since 2016, it is imperative that the market offers landlords competitive and flexible solutions, whatever their situation.

“This range allows brokers to support landlords with complex borrowing requirements, at a time where finances may seem stretched and house prices are surging.

Lendco managing director Simon knight adds: “Joining Legal & General Mortgage Club is the next logical step in our growth plans. It allows Lendco to upscale its operations by adding a household name to our distribution network, without impacting relationships with our select panel of brokers or compromising on the service we offer them.”