LendInvest cuts buy-to-let rates by 10bps
LendInvest Mortgages (LSE: LINV), a UK-based technology-backed specialist lender, has today announced a 10 basis point (bps) rate cut across its 2 and 5-year fixed rate Buy-to-Let (BTL) products.
The lender’s lowest rates now start at 3.74%.
These rate reductions come as the lender recently announced the launch of a suite of semi-commercial BTL products, allowing professional property investors to further diversify their property portfolios through these mixed-use properties.
Rod McPherson, head of distribution at LendInvest, said: “We’re really pleased to give our brokers and their clients some extra financial headroom with this 10bps rate cut. As the UK property market finds its stride and continues to stabilise, we intend to keep looking for these opportunities to cut our rates even further.
At Lendinvest, we’ve always supported brokers and their property investor clients, and for us, that means expanding horizons. Our new semi-commercial line of BTL products and our approach to funding proves that financing complex properties doesn’t have to mean dealing with complex hurdles. We’ve built a solution that makes it easier than ever for professional landlords to diversify their portfolios. “