LendInvest Mortgages, the UK’s platform for mortgages, has launched a new Buy-to-Let product suite “with bold reductions and larger loan sizes to support professional landlords around the UK.”
LendInvest (LSE:LINV) is supporting landlords “with up to 30bps off across its range of two, five and seven year Buy-to-Let mortgages, with rates starting at 3.99%.”
Changes include specialist support “for complex Buy-to-Lets including an expanded maximum loan size for Large HMOs and MUFBs, with the upper limit increasing to £1.5 million.”
LendInvest Mortgage’s new Buy-to-Let range is “the latest update in a string of rate cuts across its Residential and Bridging products, powered by a market-leading technology platform developed 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 week marks a pivotal moment for LendInvest Mortgages, not just in launching this new Buy-to-Let product range, along with other key updates to our mortgages suite, but also in aligning our efforts with the broader economic landscape. The Bank of England’s pause on interest rate hikes comes at a crucial time for the UK property market, and our latest offerings are designed to bolster this positive momentum. By introducing significant rate reductions and expanded lending capabilities, we aim to empower professional landlords and invigorate the property sector. This refreshed range, combined with a stabilising financial environment, provides ample ground for landlords to bolster their portfolios.”
As covered, LendInvest Mortgages, the UK’s platform for mortgages, has launched its “first ever” Black Friday sale on its Bridging range, “offering brokers and their customers free valuations.”
This offer is applicable to “all of its unregulated bridging products on standard properties.”
Fresh from cutting its Buy-to-Let and Residential rates, this is just “the latest incentive to support brokers and their customers – whether they be homebuyers, landlords or property investors – to save money and get moving in the property market.”
Victoria Barnard, Business Development Manager at LendInvest Mortgages, said:
“Since cutting our bridging rates a couple of weeks ago, we’ve seen lots of interest from brokers with clients looking to find the right deal in today’s market. We wanted to take this a step further though, and continue to support their customers to save money and meet their ambitions for this winter. After a challenging year, with inflation beginning to fall and Bank of England Base Rates staying stable, we want to pass on the benefits of that to our customers and help stimulate the market.”