LendInvest launches new tracker mortgage product range
LendInvest, the UK’s leading platform for property finance, has announced the launch of a new two year tracker product range in its latest move to support landlords while they navigate a changing economic environment.
The new two year tracker range seeks to provide borrowers with flexibility while offering competitive ICR stress tests to maximise borrowing.
Rates start at BBR+ 2.29% for two years, with up to 75% LTV on standard properties.
With no Early Repayment Charges (ERCs), borrowers can secure a preferential rate now with the knowledge they have the flexibility to remortgage as the market normalises over the next couple of years.
This launch follows the launch of a Limited Edition BTL product offering, with rates starting from 6.54% across LendInvest five and seven year fixed rate products.
Sophie Mitchell-Charman, commercial director at LendInvest, said: “The launch of this product range comes at a crucial time for our borrowers. LendInvest always strives to innovate, listening and making changes where brokers and customers alike need them. We are excited to be able to provide these solutions in a fast moving and uncertain market. These trackers will allow customers to pause, assess and then make a move when rates settle down.”