LendInvest joins Paradigm Mortgage Services' lending panel

LendInvest has joined Paradigm Mortgage Services' lender panel

Member firms are now able to register with LendInvest and access its range of buy-to-let products available for properties located in England and Wales.

LendInvest’s buy-to-let range offers products on standard property types, as well as HMOs up to six rooms, HMOs between seven and 15 rooms, and multi-unit freehold blocks.

Buy-to-let rates start from 2.89%, with LTVs offered up to 80%. It also offers five-year rates from 3.19% with competitive ICR and stress rates – LendInvest’s standard ICR assessment is 5%, and on five-year fixed products it is 3.6%.

The lender also uses market rent, not passing rent.

LendInvest is currently offering £750 cashback to borrowers on legal fees for a number of its buy-to-let products.

Paradigm Mortgage Service advisers will be able to use the lender’s online Broker Portal which uses electronic signatures for applications, direct debit mandates and offers. It uses Onfido for digital ID checks, takes proof of address from Equifax and Open Banking to speed up the underwriting process.

Alongside this, Paradigm member firms will have direct access to their underwriter throughout the client’s application.

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