It reduces rates among the revisions
LendInvest Mortgages has enhanced its buy-to-let offerings by reducing rates, increasing maximum loan sizes, and reintroducing holiday let deals.
The lender announced that it had lowered interest rates by up to 15 basis points, with new rates starting at 3.89%.
It has also raised the maximum loan size to £3 million and increased the available loan-to-value (LTV) ratio to 80% on five-year products for standard properties and small houses in multiple occupation (HMOs).
LendInvest has also reintroduced its holiday let products with new two-year and five-year fixed rates to support investors looking to diversify their portfolios. Furthermore, the company has adjusted its offerings to include higher LTVs for new build flats, aligning them with those for new build homes.
We're excited to announce a whole host of changes across our Residential and Buy-to-Let Mortgage product suites! From rate drops to Holiday Lets, we have transformed our offering to reflect our customer's needs. https://t.co/ONrGMK8ba9 pic.twitter.com/UJ6v9FIqqL
— LendInvest (@LendInvest) May 15, 2024
The latest changes are part of LendInvest’s recent initiatives, which include a streamlined product transfer process for BTL customers nearing the end of their fixed terms. The new process features a simplified application, dedicated underwriter support, and no legal fees for pound-for-pound transfers.
“We are delighted to introduce these significant updates to our buy-to-Let product suite,” said Sophie Mitchell-Charman (pictured), commercial director at LendInvest. “These changes are designed to empower property investors with more options and better financial flexibility.
“By reducing rates and expanding our product range, we aim to support a wider array of investment strategies and help landlords achieve their property investment goals. At LendInvest, we strive to be the preferred lender for those seeking innovative and competitive mortgage solutions, especially in a dynamic market.”
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