"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"
- Sophie Mitchell-Charman - LendInvest
LendInvest Mortgages has announced that it has updated its Buy-to-Let suite, with changes including reduced rates and increased maximum loan sizes.
The lender has reduced rates by up to 15bps across its BTL range, with rates now starting at 3.89%. Landlords can now also access up to 80% LTV on five-year products for both standard properties and small HMOs.
Maximum loan sizes have been increased up to £3 million, accommodating the needs of investors looking to finance larger property deals.
Additionally, LendInvest has reintroduced holiday let products, offering new 2-year and 5-year fixed rates. This caters to the growing demand for holiday rental properties, enabling investors to diversify their portfolios. To further support property investors, the maximum LTV for New Build Flats has been increased, aligning it with that for New Build Homes.
The changes follow LendInvest’s recent launch of a new Product Transfer process for BTL customers approaching the end of their fixed term. The new process boasts a reduced application form, dedicated underwriter support and no legals on pound-for-pound Product Transfers.
Sophie Mitchell-Charman, Commercial Director at LendInvest, said: “We are delighted to introduce these significant updates to our Buy-to-Let product suite. 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.”
