Paradigm has announced that its member firms will now have access to LendInvest’s new range of residential mortgage products.
LendInvest launched a range in March that includes its key worker mortgage, credit-friendly mortgage and a qualified professional mortgage.
The firm’s products are all aimed at borrowers who have more complex credit histories and sources of income, including those with multiple income sources, those recovering from financial issues, single key workers, and those on zero hour contracts.
LendInvest is offering residential mortgages with a loan-to-value (LTV) up to 90%, rates starting at 5.39%, and with maximum loans available for £1.5m. The lender is backed by a £300m funding agreement with Lloyds Banking Group.
“It's a hugely exciting time at LendInvest right now with the launch of our new residential mortgages product,” said commercial director at LendInvest, Sophie Mitchell-Charman.
“We are equally as excited to be launching this product via Paradigm, one of our longest standing mortgage distributor partners. It’s great to continue working together and to be delivering more innovative products for their members.”
Director of mortgages at Paradigm, Richard Howes, added: “In recent months, we’ve seen movement from a number of specialist lenders into the residential mortgage space, and this from LendInvest is another very welcome decision for both advisers and their residential clients who have more involved or complex needs.
“This is a product range which looks at the needs of a number of growing borrower demographics and it’s particularly positive to see mortgages for key workers and professionals, who can benefit from a more individual approach when it comes to their finances.
“We’re very pleased to be able to give all our Paradigm member firms access to this new range, and have no doubt it will generate considerable interest amongst the intermediary community.”
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