LendInvest to offer BTL products and platform through MCI Mortgage Club

The firms said that broker members of the club should get instant decisions and see faster turnaround from application to completion under the arrangement.

The lender updated its BTL offering earlier this month, adding new 65 per cent and 70 per cent loan to value (LTV) products and introducing cashback on 75 per cent LTV five-year fixes.

In August, LendInvest secured £200m for BTL lending from National Australia Bank.

“With new partners on funding and distribution, we’re well placed to serve the club’s extensive network of brokers and borrowers,” said Ian Boden, sales director at LendInvest (pictured).

“Demand continues to grow for our BTL product,” he added.

Phil Whitehouse, head of MCI Mortgage Club, said: “LendInvest’s ability to alleviate crucial pain points for brokers through the use of its platform is one of the reasons we were keen to partner with the business. It’s a very welcome addition to our growing lender panel.”