LendInvest Adjusts Buy to Let Rates

Property finance platform LendInvest has announced several changes to its Buy-to-Let offerings, including rate reductions across standard properties and HMOs.

According to a note from LendInvest, the company has repriced its standard Buy-to-Let (BTL) products, with its two-year 65% LTV product now available at 2.85%, and its five-year 65% LTV product at 3.04%.

The lender’s five-year 75% LTV product has been reduced to 3.20% for standard properties.

For small HMO’s, the two-year product is now available at 3.04%, and the five-year product at 3.34%.

LendInvest has also introduced a 75% two-year LTV product at 3.69%, and five year at 3.95% for large HMOs and MUFBs.

Additionally, borrowers are eligible for a reduced £150 valuation fee on standard properties.

Andy Virgo, Sales Director at LendInvest, said they have had a productive summer at his firm and the newly priced range of products should be seen as a sign of their commitment to help landlords with compelling rates.

LendInvest has lent over £3 billion of short-term, development and buy to let mortgages. The company recently listed its shares on the LSA AIM segment.

 

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