Specialist Lending
TBMC adds LendInvest to lender panel
LendInvest has partnered with TBMC, in a deal which will see the lender’s buy-to-let loans available through the packager’s panel.
LendInvest’s full range of buy-to-let deals will be available, including its five-year fixed rate deals at 3.49 per cent, with the ICR calculated at 5 per cent, or 3.6 per cent if the ICR is calculated at pay rate.
The partnership follows LendInvest announcing that January was a record month for buy-to-let applications.
Jane Simpson, managing director at TBMC, said LendInvest brought “healthy competition to the market, especially for complex buy-to-let cases such as houses in multiple occupation (HMOs), limited companies and portfolio landlord.”
Ian Boden, sales director at the lender, noted that it is now a little over a year since LendInvest moved into buy-to-let, adding: “What remains crucial however, is bringing those products to the right customers.
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“Partnering with a distributor of TBMC’s calibre will help us to continue to expand our market reach, given the services that they provide to some of the major networks.”