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Mortgage Broker in London, Ontario

LendCity helps London, Ontario homeowners and investors find the right mortgage across 50+ lenders — with deep expertise in the Western and Fanshawe student rental markets and rates that beat the big banks.

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1

Strategy Call

Discuss your mortgage and investment goals

2

Custom Solution

We shop 50+ lenders for the best fit

3

Fast Approval

Pre-approved in as little as 24-48 hours

Serving the Forest City

London, Ontario Borrowers Get a Broker Who Knows the Market

LendCity serves London, Ontario buyers and investors from primary residences in Old North and Wortley Village to student rentals around Western and Fanshawe. We use our network of 50+ lenders to secure rates and terms that the local branches simply can't match.

London, ON
Local Market Expertise
50+
Lender Partners
3 Countries
Canada, USA & Mexico
15+
Years Experience

London, Ontario Specialists

From Masonville and Hyde Park to Byron, Lambeth and Old East Village, we know how London neighbourhoods price out, how they rent, and which streets lenders treat favourably for student and family rentals.

50+ Lender Network

We don't work for one bank. We shop your mortgage across Canada's top banks, credit unions, monoline lenders, and alternative financiers to find you the lowest rate and best terms available for the London market.

Student Rental Financing Experts

With Western University and Fanshawe College driving ~50,000 students into the city each year, London is one of Ontario's best student rental markets. We structure financing for licensed lodging houses, multi-bedroom rentals, and duplex conversions near campus.

Competitive Rates That Beat the Branch

London buyers routinely overpay at their main bank. We put your application in front of 50+ lenders — including credit unions, monolines, and B-lenders — to find the true best rate for your file.

First-Time Buyers in an Affordable Market

London average home prices are well below the GTA, making it one of Ontario's most realistic markets for first-time buyers. We walk you through CMHC insurance, the FHSA, RRSP Home Buyers' Plan, and Ontario Land Transfer Tax rebates.

Self-Employed & Alternative Lending

London has a deep base of small business owners, contractors, and tech founders. If A-lenders have turned you down, we work with B-lenders and private lenders who look at bank statements and real cash flow rather than just T1 generals.

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Our Services

Mortgage Solutions for London, Ontario and Middlesex County

From your first home in Wortley Village to a portfolio of student rentals near Western and Fanshawe, we provide every type of mortgage financing London buyers and investors need.

Home Purchase

London is one of Ontario's most affordable major cities — and we know every neighbourhood. Whether you're a first-time buyer in Old East Village or upgrading to a family home in Masonville or Byron, we find you the best rate across 50+ lenders.

Explore Home Purchase Options

What's Included

  • As little as 5% down with CMHC insurance
  • First-time buyer program guidance (FHSA, HBP, LTT rebate)
  • Pre-approval in 24-48 hours
  • Local knowledge of London neighbourhoods
  • Fixed and variable rate options

Investment Property

London's combination of affordable purchase prices, two major post-secondary schools, and a deep tenant pool makes the numbers work. We structure financing for single-family rentals, student rentals, duplex conversions, and multi-unit buildings across the city.

See Investment Financing Options

What's Included

  • Rental income used for qualification (50-80%)
  • DSCR loan options for investors
  • Student rental and lodging house financing
  • Portfolio mortgage solutions
  • Cash flow analysis included

Refinance

If you own property in London, refinancing can lower your rate, pull equity for renovations or the next investment property, or consolidate high-interest debt. We run the penalty and break-even math so you only refinance when it actually pays.

Explore Refinance Options

What's Included

  • Rate and term refinancing
  • Cash-out up to 80% LTV
  • Debt consolidation
  • Blend and extend options
  • Penalty buyout analysis

Self-Employed

London has a strong entrepreneur and small business community. If your T1 generals don't show your true earning power, we work with lenders who accept bank statements, stated income, and full business financials.

See Self-Employed Solutions

What's Included

  • Stated income programs
  • Bank statement verification
  • Business financial analysis
  • Gross-up programs for declared income
  • Alternative documentation accepted

DSCR Loans

Qualify based on the property's rental income — not your personal income. DSCR loans let London investors scale their student rental and multi-unit portfolios without running into traditional income or debt-service limits.

See How DSCR Loans Work

What's Included

  • Qualify on rental income, not personal income
  • Available for residential and commercial properties
  • No income documentation required
  • Multi-unit and student rental friendly
  • Scale your portfolio without income caps

London, Ontario Mortgage Market Insights

London is Ontario's 6th-largest CMA with a population of roughly 545,000 across the metro area, and it's one of the few mid-sized Ontario markets where investors can still buy positively cash-flowing rental property without overleveraging. Major employers like London Health Sciences Centre, 3M Canada, General Dynamics Land Systems, Libro Credit Union, and a growing tech and insurance corridor (Voices.com, Info-Tech Research Group, Mitel) anchor a stable rental demand base — and Western University plus Fanshawe College add roughly 50,000 students looking for housing every fall.

Whether you're buying a heritage home in Old North, a walkable urban property in Wortley Village, a family home in Masonville or Byron, or a multi-bedroom student rental near Richmond Row, our team brings local knowledge the national banks can't. For a deeper dive into the market we serve, read our London, Ontario real estate investing guide — it walks through the cash-flow math, neighbourhood breakdowns, and lender treatment of student rentals.
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FAQ

Questions About Mortgage Solutions for London, Ontario and Middlesex County

Everything you need to know about mortgage solutions for london, ontario and middlesex county.

London, Ontario Mortgage Basics

Your bank only offers their own products. As mortgage brokers, we shop your application across 50+ lenders — banks, credit unions including Libro and Meridian, monolines, and alternative financiers — to find the lowest rate and best terms for the London market. Most clients save thousands over the life of their mortgage versus a posted rate at their branch.
For a primary residence, as little as 5% down for homes under $500,000, then 10% on the portion between $500,000 and $1,499,999. Homes priced at $1.5 million and above require 20% down. Investment properties — including student rentals near Western and Fanshawe — typically need 20% down. We also walk first-time buyers through the FHSA, the RRSP Home Buyers' Plan, and Ontario's Land Transfer Tax rebate.
London mortgage rates follow national trends but vary meaningfully by lender — credit unions and monolines often beat the big banks by 20-40 basis points. Because we work with 50+ lenders, we shop your file against all of them and bring you the real best rate in the market today rather than a posted rate. Contact us for a live quote.
London's property tax rate is higher than Toronto and the GTA, but average home prices are far lower, so the total monthly carrying cost is generally much more manageable. We factor London's mill rate into your qualification math up front so your pre-approval reflects the real payment you'll make.
We serve the entire city — Old North, Wortley Village, Masonville, Byron, Hyde Park, Old East Village, Lambeth, Westmount, and everything in between — plus Middlesex County. We've financed everything from heritage homes north of the river to multi-bedroom student rentals near Richmond Row.

London, Ontario Real Estate Investing

London is one of the most consistent cash-flow markets in southern Ontario. Average home prices sit well below the GTA, rents are anchored by ~50,000 Western and Fanshawe students plus stable employer demand from London Health Sciences Centre, 3M Canada, General Dynamics Land Systems, and Libro Credit Union. Well-bought properties — especially student rentals — can produce 8-12% gross yields.
Student rentals are our specialty in the London market. Lenders treat them differently based on the number of bedrooms, lodging house licensing, and rent rolls. We know which lenders are friendly to student rentals near Western and Fanshawe, how to document anticipated rental income, and how to structure the file so it gets approved at A-lender pricing whenever possible.
Yes. London has a steady supply of small apartment buildings and mixed-use commercial property, and we have a dedicated commercial lending team. We finance plexes, apartment buildings, retail plazas, and mixed-use property across London and Middlesex County.
Investors typically target Old East Village for gentrification upside, the streets surrounding Western University and Fanshawe College for student rentals, Hyde Park and Masonville for family rentals, and Old North or Wortley Village for premium tenant pools. We help match your strategy — cash flow, appreciation, or hybrid — to the right pocket of the city.

Process & Local Expertise

First-time buyers are a huge part of our London business. We guide you through the stress test, the FHSA, the Home Buyers' Plan ($60K RRSP withdrawal), the 30-year amortization now available to all first-time buyers and new-build buyers, and Ontario's Land Transfer Tax rebate. London's affordability makes it one of the most realistic Ontario markets for getting onto the property ladder.
Yes. We can connect you with London's best real estate lawyers, home inspectors, appraisers, and property managers — especially valuable if you're an out-of-town investor buying student rentals near Western or Fanshawe. A strong local team makes the difference between a smooth close and a stressful one.
For most files, we deliver a pre-approval in 24 to 48 hours, so you can move quickly and make competitive offers in London's faster-moving neighbourhoods like Wortley Village, Masonville, and Old North.

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