Rates in its new range now start from 3.79%
LendInvest Mortgages has reduced rates on its buy-to-let products, aiming to support landlords in the new year.
The lender’s new buy-to-let range, launched last year, now has rates that start from 3.79% after cuts of up to 80 basis points.
Along with specialist support for complex buy-to-lets with up to £1.5 million loans for large houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs), LendInvest Mortgages offers specialist support for portfolio and limited company landlords.
“Our brokers are telling us just how ambitious landlords are, and they want to spend 2024 expanding their portfolios,” said Sophie Mitchell-Charman (pictured), Commercial Director at LendInvest. “This new range is designed to help them make up for lost time, with cheaper products, powered by our market-leading technology and delivered by our experts.”
LendInvest Mortgages is a new business division that houses non-bank mortgage lender LendInvest’s residential, bridging, and buy-to-let mortgage products.
The rate adjustment aligns with LendInvest Mortgages finalising its new buy-to-let portal, recently introduced to a select group of brokers before a broader market release later this month.
Utilising the same technology featured in its bridging and residential ranges, this advancement in mortgage applications promises quicker processing for buy-to-let brokers, offering enhanced certainty and visibility across all deals.
“We really want to make 2024 the year of backing buy-to-let landlords to get the right deals, when they need them,” Mitchell-Charman added. “Our new buy-to-let portal will give brokers the tools to make their lives simpler, as well as their customers’.”
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