Legal & General Mortgage Club has announced it is launching new buy-to-let (BTL) exclusives from LendInvest.
Advisers placing business with LendInvest via Legal & General Mortgage Club will benefit from exclusive discounts across its range of standard BTL mortgages.
L&G Mortgage Club said the arrangement is expected to continue until the end of September 2021 and will mean that advisers can offer their clients significant savings when remortgaging or financing a new BTL property.
With the discount, rates will begin at 2.85%, subject to a 5% ICR, on two and five-year fixed deals. Advisers may either apply through LendInvest’s broker portal or contact a BDM to discuss their cases in further detail.
L&G Mortgage Club head of lender relationships, Danny Belton, commented: “LendInvest has launched an ambitious package of discounts across its standard range, which will be welcomed news for our advisers; helping them to keep client’s mortgage costs down.
“It is also pleasing to see that the offers are available to existing landlords, many of which will be looking to lock into a competitive deal in the wake of the introduction of stamp duty surcharge five years ago. We look forward to hearing more from our adviser community about the launch of the exclusives.”
LendInvest BTL director, Andy Virgo, added: “We’re looking forward to bringing to market this range of discounted rates via the L&G Mortgage Club, which has long been a key provider in the mortgage market. Through its extensive network of intermediaries, we expect to help many landlords access competitive rates over the coming months.”
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