The Right Mortgage & Protection Network has announced the addition of specialist lender Lendco to its panel, further expanding its offering to advisers serving landlords and property developers.
Appointed Representative (AR) firms across the network now have access to Lendco’s buy-to-let and bridging product ranges. These include solutions for a wide range of borrower types, including individuals, limited companies, SPVs, LLPs, trusts and expats.
Founded in 2018, Lendco has originated more than £2bn in loans and has built a reputation for lending across complex property types, such as HMOs, multi-unit freehold and leasehold blocks, new-builds and holiday lets. Its bridging suite is equally broad, covering residential, light and heavy refurbishments, semi-commercial, commercial bridges and land with planning.
Loan sizes range from £100,000 to £5m, with terms available from two to 36 months. Both Lendco’s buy-to-let and bridging propositions are supported by a dedicated broker hub, giving advisers access to product guides, calculators, packaging information and direct support from its in-house team of sales staff, case managers and completions specialists.
Victoria Clark, head of lending at The Right Mortgage & Protection Network, said the partnership would enable its members to better serve a crucial client group. “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,” she said.
“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, said the business was “thrilled” to join the 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,” she said.
