The BTL loans are available for amounts ranging from £50,000-5m and on terms of up to 30 years with a maximum LTV of 80%.

The loans have been priced to be competitive in the current specialist BTL market, with two-, three- and five-year fixed rate products available through intermediaries.

The new product was developed with portfolio landlords in mind and caters for the full spectrum of the residential property investment market.

Brokers can apply for the BTL product on behalf of their clients via LendInvest’s online platform.

The end-to-end, paperless system was specifically designed to ease the pain points in the typical BTL mortgage process, as well as to speed up applications and provide improved administrative support to the underwriting team at LendInvest.

Additionally, brokers will continue to receive a personalised service from a named LendInvest case manager assigned to their applications.

Ian Boden, sales director at LendInvest, said: “Today we’re bringing to market a BTL product that has been created to counter the complaints and concerns we hear from brokers about the quality and accessibility of BTL loans currently on offer.

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“Our online proposal system has been specially designed to be highly efficient, quick and easy to navigate and lets brokers dip in and out of their clients’ applications at times that suit them.

“Combining these benefits with highly competitive rates, we’re confident LendInvest BTL loans will fast become a commonplace feature of the specialist lending market.”

Ian Thomas, co-founder and chief investment officer at LendInvest (pictured above), added: “Following a successful pilot phase, we are very pleased to launch our BTL product into England, Wales and Scotland.

“This launch is a natural next step for LendInvest, taking us into the longer duration specialist lending space for the first time.

“Offering BTL loans is a critical strategic step that not only serves to address a continuing funding shortage, but takes us closer to our long-term ambition of becoming a leading whole-of-market mortgage lender.”

LendInvest’s entry into the BTL market follows the appointment of Ian Boden from Aldermore, where he was head of commercial mortgages.

As LendInvest’s sales director, Ian is responsible for the business development team, as well as the roll out of the specialist property finance lender’s BTL loan offering nationwide.