Mortgage News
LendInvest launches residential mortgages through Sesame and PMS
Lendinvest has debuted its range of mortgages for residential homeowners through members of Sesame Network and PMS Mortgage Club.
Earlier this month, it was announced that the lender secured £300m in funding from Lloyds Banking Group to support the launch which is now open to advisers who are part of Sesame and PMS.
The product is aimed at borrowers with multiple sources of income such as the self-employed and small business owners.
Sophie Mitchell-Charman, commercial director at LendInvest, said: “We are very excited about our new homeowner proposition for customers with needs that may not always be met by the high street.
“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.”
Stephanie Charman (pictured), strategic relationships director at Sesame Bankhall Group, parent company of PMS and Sesame, added: “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.
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“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.”