LendInvest overhauls BTL Tracker Suite: scraps ERCs, cuts rates and expands to 75% LTV
LendInvest (LSE: LINV), a technology-backed specialist lender, has today announced a comprehensive overhaul of its Buy-to-Let (BTL) tracker range. Effective immediately, the lender has removed Early Repayment Charges (ERCs) across all tracker products, reduced initial pay rates and boosted maximum Loan-to-Value (LTV) limits on specialist asset classes to 75%.
By pairing this tracker structure with the complete removal of exit penalties, LendInvest is empowering landlords to capitalise on potential rate reductions while retaining the freedom to lock into a fixed rate later without financial penalty.
LendInvest’s updates are designed to deliver greater financial flexibility and leverage for landlords navigating dynamic market conditions, while aiding intermediaries with improved affordability and Interest Coverage Ratio (ICR) stress testing.
Key Enhancements to the Buy-to-Let Tracker Range:
- Complete Removal of Early Repayment Charges (ERCs): Landlord borrowers on tracker products now have the total freedom to refinance, repay, or exit their mortgage at any point during the initial term without incurring exit penalties.
- Reduced Initial Rates: Rate reductions have been implemented across the entire tracker suite, lowering borrowing costs and improving ICR affordability checks for broker applications.
- Increased Specialist LTVs (Up to 75%): Maximum LTVs have risen from 70% to 75% across key specialist property types, including Holiday Lets, Small Multi-Unit Freehold Blocks (MUFBs) and Large Houses in Multiple Occupation (HMOs).
- Launch of Dedicated Large MUFB Range: Responding to growing demand from portfolio landlords, LendInvest has introduced a brand-new range of tracker products tailored specifically for Large MUFBs.
Darrell Walker, managing director for Mortgages at LendInvest, said: “In today’s market, property investors need both affordability and agility. By eliminating Early Repayment Charges across our tracker suite, we are removing tie-ins and giving landlords total confidence to manage their portfolios flexibly.
Combined with reduced rates, higher LTV leverage on complex assets and our new Large MUFB tracker proposition, this overhaul reflects LendInvest’s ongoing commitment to supporting brokers and their landlord clients with competitive, real-world financing solutions.”