LendInvest, the UK’s marketplace for mortgages, has dropped its product fees and lowered interest rates for both of its five year fixed rate BTL remortgage products for a limited time.
The five year fixed rate BTL remortgage products will be available on standard property cases up to 75% LTV and up to £250k in loan size. The products are offered at an interest rate of 3.60%, with the ICR calculated at the pay rate, or at an interest rate of 3.49% with the ICR calculated at 5%. Both products will have zero product fee.
LendInvest has also reduced rates for 80% LTV cases; with a 2 year fixed now at 3.59% and a 5 year fixed at 3.69%, both with a 1% product fee.
In line with this offer, free title insurance will be available on remortgages cases which streamlines the loan completion process.
Ian Boden, sales director at LendInvest, said: “As our internal processes continue to evolve; streamlining both our origination and loan management systems, we can increasingly offer our borrowers more competitive rates in the long term. These products will directly benefit our borrowers wishing to grow their business by enabling them to leverage and release capital for further property investment.”