LendInvest launches new Special Edition five year fixed BTL products with rate reductions
LendInvest, the UK’s leading platform for property finance, has issued a new range of special edition Buy-to-Let products in a latest round of updates to its BTL suite.
LendInvest has reduced rates across its five year fixed rate BTL range, with its 65% LTV product now available at 3.29% with a maximum loan of £1.5m.
The lender has also introduced a new 70% LTV five year fixed product at 3.39% with a maximum loan size of £1m, and a 75% LTV five year fixed product at 3.49% with a maximum loan size of £1m.
The launch of this special edition range follows a recent string of updates to LendInvest’s BTL range including rate reductions and maximum loan size increases across its HMO and MUFB products.
LendInvest is also currently offering cashback towards legal fees of 0.25% of the loan amount up to £1000 on qualifying five year fixed rate products.
Andy Virgo, sales director at LendInvest, said: “It’s very exciting to announce yet another set of improvements to our Buy-to-Let proposition as LendInvest continues to evolve its offering throughout 2021.
Providing our landlords with choice when it comes to product selection is essential to assisting them with their portfolio growth plans, and these latest changes were developed with that aim in mind.”
In January 2021, LendInvest announced a new £500m funding partnership with J.P. Morgan to finance its BTL product.