Nick Chadbourne, CEO at LMS, said: “The remortgage market witnessed an overwhelmingly healthy Q2, with continued growth across all key indicators.”
The product has been launched in response to adviser feedback and provides a monthly benefit to a business in the event of a valid claim.
The lender has reduced rates by up to 0.60% across its buy-to-let range on mortgages up to £1m.
The changes see 2-year fixed rates start at 3.84% up to 65% loan-to-value (LTV), 3.99% at up to 70% LTV and 4.09% up to 75% LTV.
All products include a free basic valuation and free standard legal fees for remortgages.
The club, which launched five months ago, already has 40 lenders on its panel with more to be added by the end of Q4.
Despite official denials of any plans for an October lockdown, there are concerns that there may be some kind of restrictions in October, which may cause disruption to business operations and create a potential opportunity for organised crime to exploit.
The line, which is the latest in a number of funding lines secured by the business, will be used to fund bridging, refurbishment and development deals.
This follows its previous campaign, which explored mental health and intermediaries’ experiences during the pandemic.
Reallymoving analysed data from 21,000 completed conveyancing quote forms to form the basis of its projections.