LendInvest | The Buy-to-Let team focused heavily on the remortgage market throughout February, anticipating strong growth opportunities in 2022 and beyond.
With the remortgage landscape gaining momentum, lenders and mortgage networks must streamline the process to make it faster, clearer, and more accessible. This includes offering well-structured buy-to-let remortgage products with straightforward eligibility criteria to help mortgage advisers make confident decisions for their clients.
The Remortgage Market: Simplified Through Tech and Innovation
The UK remortgage market is experiencing steady growth, driven in part by regulatory changes introduced by the PRA five years ago. Many borrowers initially remortgaged to avoid the complexities introduced by these new rules; now, lenders have stepped up to make the process smoother than ever.
Rather than becoming more complicated, the remortgage process has been simplified through smart innovation. Lenders have adapted with user-first processes and technology that cut through previous delays.
Technology continues to reshape the remortgage experience, particularly in the Buy-to-Let space. For a closer look at these trends, see how LendInvest BDMs are approaching the Buy-to-Let remortgage market, offering valuable on-the-ground insight for brokers and advisers.
LendInvest has been at the forefront of digital transformation in underwriting. Their adoption of Open Banking for affordability assessments and Jumio for secure ID verification has accelerated application speed and reduced manual intervention.
With integrated backend search tools, their underwriting team now processes cases faster and with greater accuracy, saving brokers time and improving client outcomes.
Want to explore more insights on supporting landlord clients? Visit our page on Specialist Mortgage Networks for Advisers.
Securing properties for the future
Stability is increasingly important to landlords and property investors in an uncertain economic climate.
This is why LendInvest has expanded its range to include 7- and 10-year products so landlords can see any uncertainty with low-rate products.
As rental yields vary, they continue to offer pay rates and 5% ICR tests. Those with higher-yielding properties can benefit from lower rates as we reward sound investment strategies, making this remortgage a future option.
See their latest Buy-to-Let rates and get instant quotes here. Credits: Andy Virgo, Buy to Let Director
This concludes our article “LendInvest | Lenders Making Buy-to-Let Remortgaging Simpler.” Stay “Connect” until next time.