Lendinvest’s latest announcement can be viewed here. Remember, their BTL product set is available via our Direct to Lender Mortgage Club as well as through our fees free packaging service. We also offer their Bridging range too. Full details are available here. Contact our team to discuss any cases or criteria in detail across their full range.
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8 NEW updates to our Residential range
Your offer to homeowner customers who may not be able to get a mortgage elsewhere just got better.
By using broker feedback, we continue to enhance and improve our Residential range.
See all of the updates in our latest criteria guide, get an instant quote and offer in minutes in the Mortgages Portal.
The 8 new updates for your customers
Every small enhancement to our criteria helps you make mortgages simple for your potentially more complex customers, so here’s just some of the things we’ve updated.
1. Up to 100% of additional income can be considered when appropriate for the customer in affordability calculations
2. Up to 100% of the income from a second job in an unrelated field can be included in the affordability calculation
3. CIS contractors can now be treated as contractors, rather than self-employed, with income verified using payslips
4. Income from zero hours contracts can be accepted as guaranteed income if they have a 2-year history of receiving such income
5. Underwriters have more freedom to improve applicant credit tiers
6. There is additional flexibility around an applicant’s address history, with someone now potentially able to be accepted without 3 years of address history in the UK as long as they have had open credit in the UK for three years
7. We can accept up to 50% of non-court ordered maintenance in affordability calculations, based on a track record of receiving it
8. Title insurance can now be used on Scottish remortgage cases.
Learn more by downloading our rates and criteria guides.
You can also start with an instant credit-backed ESIS in the Mortgages Portal.