Additionally, the lender has also repriced its standard BTL range and Small HMO’s, with its five-year 75% LTV product now available at 3.39% and 75% pay rate product at 3.44%. The two year fixed rate products start from 2.99%.
The new pay rate products are 65% and 70% LTV, with rates starting at 3.34%.
LendInvest revealed that the reductions across its Small HMO range include dropping its five-year 75% LTV product to 3.64%.
Borrowers are eligible for a reduced £150 valuation fee on standard properties.
Andy Virgo, Sales Director at LendInvest, said: “We are very fortunate to have the ability to remain fluid with our proposition and continue to adapt our offering to serve the evolving needs of our landlords. These changes are aimed at bolstering our most popular products while simplifying our range to make sense for our customers.”
