The Right Mortgage & Protection Network has added buy-to-let and bridging lender, Lendco, to its panel.
Established in 2018, Lendco has lent over £2bn. It focuses on mortgages for a variety of buy-to-let assets including HMOs, multi-unit freehold and leasehold blocks, new-builds and holiday lets.
Lendco offers mortgages to individuals, limited companies including SPVs and LLPs, trusts, first-time landlords, and resident and non-resident expats and foreign nationals.
In the bridging space, Lendco offers loans for residential, light and heavy refurb, commercial bridges, lands with planning, and semi-commercial. Again, Lendco lends on multiple asset types, with loans available from between £100,000 to £5m, and over terms between two to 36 months.
Lendco offers a dedicated broker hub covering full product guides, calculators, information on packaging, plus access to Lendco staff covering sales, cases managers and completions.
Victoria Clark, head of lending at The Right Mortgage & Protection Network, said: “Landlords and property developers are a key client demographic for many of our AR firms and it’s therefore incredibly important we offer advisers the widest array of product options in this space, so they can provide positive outcomes. This is why we’re very pleased to be announcing the addition of Lendco to our lender panel who lend on a large number of assets, and have specialist expertise across the piece to ensure advisers can get the right solution for their property investor clients, whether individuals, limited companies, trusts or expats. We’re looking forward to working with the team at Lendco and highlighting this excellent proposition to our member firms.”
Sheryl Kirk, national account manager at Lendco, commented: “We are thrilled to join The Right Mortgage lender panel. This exciting opportunity allows us to provide their intermediaries with a wide range of buy-to-let and bridging solutions for their landlord clients and we are very much looking forward to working with the team at The Right Mortgage over the coming years.”
