LendInvest announces lowest buy-to-let rates for over 3 years
LendInvest Mortgages (LSE: LINV), a leading UK fintech platform dedicated to alternative property lending, has announced a rate reduction across the entire suite of buy-to-let mortgage products. Today’s reductions see their lowest initial rate on the product line for 3 years.
The lender’s 2-year fixed rates on all variations, and 5-year fixed and 7-year fixed rates on large HMO/MUFB products will be cut by 20 basis points (bps). Additionally, the company is reducing all 5-year fixed and 7-year fixed rates for standard property, small HMO/MUFB, holiday lets and ex-pat by 10pps. The reductions also apply to product transfers. The lowest rates now start at 3.24% for a 2-year fixed term.
This rate reduction on buy-to-let products comes as LendInvest continues to evolve its service proposition, using their unique Mortgages Portal. The service offered has seen them awarded 5 star lender, and Top Digital Lender in the recent survey by Smart Money People.
Hugo Davies, chief capital officer and managing director for mortgages at LendInvest said: “Our commitment to helping brokers find solutions for their landlord clients continues. In today’s market, affordability remains key for customers and we continue to provide options for those customers, allowing them to complete their projects.
That’s why we’re delighted to be able to cut all of our buy-to-let mortgage products by up to 20bps.
At LendInvest, our goal has always been to make the mortgage process as simple as possible, and that’s why our Mortgages Portal is optimised for brokers. One portal where brokers can see real-time updates on all of their cases, apply for and complete Product Transfers in hours and get in touch with our dedicated team of case managers and underwriters when extra support is needed.”