The club’s member firms will now be able to register with the platform for property finance and access its full range of BTL and HMO mortgage products.
LendInvest’s two-year fixed rates start from 2.89%, with five-year fixed rates starting from 3.19%.
The lender’s ICR assessment rate is 5% across all products, with the exception of the five-year fixed interest product, which remains at 3.6%.
“We are very excited to be announcing this partnership with one of the largest and longest-operating mortgage clubs in the market,” said Ian Boden, sales director at LendInvest (pictured above).
- Masthaven launches new broker portal offering instant DIPs for bridging
- LendInvest launches green finance initiative for bridge-to-let borrowers
- LendInvest sales director Ian Boden to retire
“Experience is crucial in our industry, and it’s something Legal & General isn’t short of.
“After a great year for the product, the team is now all systems go in getting more, good quality deals through the door.
“Working with a mortgage club with Legal & General’s expertise is a fantastic way to kick off our distribution plans for the year.”
Danny Belton, head of lender relationships at L&G Mortgage Club, added: “Although LendInvest is a relative newcomer to the BTL market, its products and criteria offer another great option for many landlords.
“I am delighted to add LendInvest to the L&G Mortgage Club lender panel so that we can work in partnership to provide our members with access to its proposition.”