In October, Mortgage Solutions sister publication Specialist Lending Solutions reported that Lloyds Bank had previously agreed to inject £180m into the business.
LendInvest started as a bridging lender, but in recent years has expanded into the regular buy-to-let market. It beta launched a homeowner mortgage product at the end of 2022 with a select panel of brokers, with the intention of launching the deal more widely across the market this year.
Lendinvest: Tailored to those with multiple income streams
Its homeowner product is aimed at those with multiple sources of income, the self-employed, and small business owners.
Rod Lockhart (pictured), chief executive officer at LendInvest, said that the new funding had arrived as the lender looks to “take our first step into the homeowner mortgage market”.
He continued: “There are a significant number of people in the UK with complex income streams – from barristers to actors to NHS contract workers – who find it harder to get a mortgage because of multiple income sources or less regular pay cheques.
“Our offering is tailored to their needs, providing access to the finance they require to buy the home of their dreams, and without all the stress and hassle.”
