LendInvest has completed a mortgage offer in three days for a couple looking to purchase their next home.
Using LendInvest’s new residential mortgage range, the couple – who had mixed incomes from a variety of sources including their limited company, part-time work, child benefit and personal independence payments – secured a £135,995 mortgage on a 2-year fixed rate.
LendInvest used its purpose-built portal, which automates previous manual checks.
Sophie Mitchell-Charman, commercial director at LendInvest, said: “This case is a perfect example of what we are trying to achieve with our residential mortgage range; give customers what other lenders may not, support them to purchase their next home, and give them the confidence to know we can process it quickly.
“This is just one example of the speed of our residential mortgage range, with the same underwriter having different examples of offers delivered in just 7 or 9 working days.”
She added: “What stands out about this particular mortgage application is how we took each income source as part of our affordability calculation and were comfortable in their ability to pay their mortgage.
“This is what lenders need to be doing to help more people realise the dream of their next home.”
