UK’s LendInvest backs BTL Market with New Rates with “Bold” Reductions

LendInvest (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has today launched a new, “market-leading” Buy-to-Let range as it looks to back landlords in this challenging market.

LendInvest is supporting landlords “to get back into the market with rates starting from 5.54%, funded through its new £500 million partnership with Chetwood Financial Limited, announced this week.”

This new range promises bold reductions “across Buy-to-Let, with a 40bps drop on its tracker products to complement its new, wider and reduced fixed-rate products.”

Supporting up to 75% LTV, the new rates “will be powered by a market-leading technology platform which their team of experts have spent the last 6 months improving with new features, to deliver faster mortgages for brokers and their clients.”

Access the new updated product range on site here.

Sophie Mitchell-Charman, Commercial Director at LendInvest, said:

“This new range is about us meeting the ambition our brokers and customers tell us they have but the market is not meeting. We hope that this shows confidence in the market that empowers landlords to go and meet the record high rental demand that is out there. Our Buy-to-Let team has been working hard on this new range to ensure everything is ready from an operational point of view to make every enquiry, application and offer simple, and we look forward to seeing that come to fruition.”

As reported recently, LendInvest plc has announced a £500 million investment “to fund part of its future mortgage originations for its Buy-to-Let and Residential Mortgage products from Chetwood Financial Limited.”

This new funding will “further the growth of LendInvest’s Buy-to-Let business, which supports professional landlords, as well as its newly launched Residential Mortgage range, which has been developed to support customers who are underserved by high street mortgage providers.”

LendInvest’s proprietary technology platform “makes even the most complex of cases simpler and faster, and improves the experience for prospective homeowners, property developers and professional landlords.”

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