LendInvest has partnered with mortgage sourcing system provider Mortgage Brain, to bring its buy-to-let product to a wider audience of intermediaries.
Mortgage Brain’s first and second charge online and desktop sourcing systems – MortgageBrain Anywhere and MortgageBrain Classic – enable brokers to source and access the best deals for their clients from the whole of the market.
Mark Lofthouse, chief executive at Mortgage Brain, said: “We’re delighted to have completed this partnership with LendInvest.
“By making its buy-to-let product available our customers now have an even greater choice and the added certainty of being able to offer a first-class mortgage advice service that meets the individual needs of their clients.”
This partnership follows recent changes to LendInvest’s buy-to-let product in which it dropped its headline 5-year fixed rate to 3.60% with the ICR being assessed at the product pay rate, of 3.60%. The lender also reduced its product fees to 1% for all standard property and HMO mortgages.
Ian Boden, sales director at LendInvest, said: “Partnering with a market leader in optimising the loan sourcing process like Mortgage Brain, marries directly with our goals as a lender.
“Internally, our team work continuously to alleviate pain-points in the application process, and we strongly believe this should start at the point of search.
“As we ramp up the distribution of our BTL product one year on, Mortgage Brain’s extensive and diverse member-base will be a true asset.”