LendInvest reduces rates across buy-to-let products by 10bps
LendInvest Mortgages (LSE: LINV), a UK-based technology-backed specialist lender, has today announced a 10 basis point (bps) rate cut across all of its 2 and 5-year fixed rate Buy-to-Let (BTL) products.
The lender’s lowest rates now start at 3.84%.
These rate reductions are available across New Business, Product Transfers, and Bridge-to-Let financing. The latter allows borrowers to apply for both a BTL and a Bridging loan concurrently, providing property investors with the start-to-finish certainty needed to see a project through from inception to completion.
Paula Mercer, sales director at LendInvest said:“We’re pleased to be able to reduce our rates to our brokers and clients by 10bps, which will no doubt offer some relief in today’s UK property market.
At LendInvest, we recognise that affordability is a key factor for landlords looking to expand their portfolios or enter the market. We’ve always been committed to making the mortgage process simple. We’re confident that this rate cut, combined with our Mortgages Portal and experienced teams of underwriters and case managers, will enable portfolio landlords to achieve their goals, no matter the complexity of the deal.