TBMC has been operating in the BTL mortgage market for over 30 years and will offer LendInvest’s full BTL loan range, including its five-year fixed rate products.
The announcement follows the news that the lender celebrated a record month for signed BTL applications in January, totalling £100m in value.
“Over a year on from [our] launch into the BTL market, the team [has] succeeded in developing our product proposition into a highly competitive offering,” said Ian Boden, sales director at LendInvest (pictured above).
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“What remains crucial, however, is bringing those products to the right customers.
“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.”
Jane Simpson, managing director at TBMC, added that LendInvest had a “very attractive” BTL mortgage proposition and was bringing some healthy competition to the market, especially for complex BTL cases, such as HMOs, limited companies and portfolio landlords.
“TBMC's BTL expertise enables us to deliver the right type of business for LendInvest.
“We anticipate a successful relationship.”
In January this year, LendInvest partnered with mortgage technology specialist Mortgage Brain to roll out its BTL product to the latter’s customer base of over 22,000 intermediaries.
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