LendInvest raises LTVs and makes significant rate reductions
LendInvest, the UK’s leading platform for property finance, has made sweeping changes to its bridging suite, including extensive rate reductions and the introduction of higher LTVs for land and commercial products.
LendInvest has reduced rates across its entire residential bridging range with its 75% LTV product now available at 0.75%, and it’s 70% LTV product offered at 0.70%.
The lender has also dropped it’s rates for its auction and bridge-to-let products, with it’s 75% LTV Auction product now available at 0.75% and it’s 75% LTV bridge-to-let product offered at 0.75%.
Alongside these rate drops, new 65% LTV products for land and commercial deals have been introduced, with or without planning consent.
Justin Trowse, sales director at LendInvest, said: “To be in the position to implement such significant changes to our bridging suite is a great way for us to kick off the quarter. The team stays close to what’s going on in the market, and ensures we are listening to what our brokers and borrowers need as we ramp up business towards the Summer – these are no fire sales or limited specials, our rate cuts are here to stay across all of our bridging products.”