LendInvest Mortgages says it has “drastically” reduced residential rates in an effort to enable first-time buyers and boost its business. For credit-impaired borrowers, LendInvest says rates now start at 5.49% – a reduction of 55 basis points.
Paula Mercer, Head of Sales at LendInvest Mortgages, said their residential mortgages have always sought to support first-time homebuyers.
“After a challenging year for homeowners and first-time buyers, we wanted to make sure we gave them the tools to realise their home owning ambitions. Combined with the redesigned LendInvest Mortgages Portal, which helps brokers find essential information about their deals up to 5x faster, we’re excited to make people’s next remortgage or home purchase simple throughout 2024.”
Earlier this past week, LendInvest said it was cutting buy-to-let rates, which are now starting at 3.79%
LendInvest said it is preparing its new Buy-to-Let Portal, which it has launched with a small group of brokers before it expands into the wider market later this month. The updated platform aims to make the mortgage process faster.
“We really want to make 2024 the year of backing Buy-to-Let landlords to get the right deals, when they need them. Our new Buy-to-Let portal will give brokers the tools to make their lives simpler, as well as their customers’.”