TMA members will have access to LendInvest’s buy-to-let solutions for a selection of properties including new builds, HMOs and multi-unit freehold blocks.
Customers of TMA advisers will benefit from flexible underwriting for portfolio landlords and no limit on portfolio sizes, as well as having access to the lender’s Open Banking technology and its easy-to-use broker portal.
Lisa Martin, development director at TMA, said, “…We are thrilled to bring LendInvest on board to ensure that more of our intermediary firms can support their landlord clients with the best lending solutions.”
Additional highlights of the partnership include:
- Interest coverage ratio (ICR) assessed at 5% (or at the pay rate for a 5-year fixed rate product) utilising the Market Rental valuation
- Free Title Insurance applied to standard property and small House in Multiple Occupation
- (HMO) remortgage cases (subject to qualification)
- Loans available for up to 20 properties with an aggregate borrowing of £5 million
Matthew Tooth, chief commercial officer at LendInvest, added: “We are delighted to partner with TMA to support the Club’s growing community of intermediaries with their work in the buy-to-let space.
“TMA’s commitment to providing more advisers with a range of buy-to-let solutions and support services matches our own, making the decision to join forces with the Club a natural next step for us.”