LendInvest offers new holiday let product range and launches new seven year fixed rate product
LendInvest, the UK’s leading platform for property finance, has announced the launch of a new product range for holiday lets and short-term properties, alongside a host of reductions across its standard property range.
LendInvest has introduced a new holiday let product catalogue, with rates starting at 3.59% for 65% LTVs for two year fixed products.
The lender has reduced rates on its standard buy-to-let products, with its five year 75% LTV product now available at 3.14% and the two year fixed rate products starting from 2.75%.
Accompanying these changes are a range of reductions across its Small HMO range, including dropping its two year 70% LTV product to 3.06%, and five year 70% LTV product to 3.64%.
The lender has also launched a new seven year fixed rate product, starting at 2.99% for 65% LTV.
Andy Virgo, sales director at LendInvest, said: “We are hugely excited to be releasing this new catalogue today, which includes a whole range of updates we have been eager to implement for landlords. Supporting landlords who are experienced in, or have diversified into the short-term let market is a natural progression for us, as we continue to broaden our funding sources we are keen to keep tailoring our offering, and delivering new products that fill the gaps we see in the market.”