LendInvest Mortgages, the UK’s platform for mortgages, has announced a limited edition Easter incentive for its Buy-to-Let landlord customers as it reduces rates up to 15bps.
The limited edition offer is targeted “at first-time landlords, and offers free valuations on Small HMO properties up to £500k.”
At the same time, LendInvest Mortgages has “made reductions across its entire Buy-to-Let range up to 15bps as it looks on to build on an unprecedented start to the year for its Buy-to-Let business.”
Sophie Mitchell-Charman, Commercial Director at LendInvest, said:
“Landlords and brokers have come forward in huge numbers in the first quarter of 2024 as they look to make up for lost time in 2023. Our focus remains sharply on monitoring the market closely; and tailoring our product suite accordingly, with the goal of stimulating growth in the market while providing all-important support for first-time landlords. We’re one of few lenders who will support a first-time landlord to purchase a small HMO or small MUFB, and this free valuation offer on small HMOs is part of supporting them and all landlords to meet their ambitions.”
As reported in February 2024, online lending platform LendInvest says it will now offer 90% LTV two-year fixed mortgages for first-time home buyers.
LendInvest’s Residential Mortgages are said to have stretched LTIs up to 6.49x, to support homebuyers to borrow enough for their first home.
Paula Mercer, Head of Sales at LendInvest Mortgages, said they are tailoring their product to meet the needs of homebuyers during a challenging economic environment. LendInvest wants to enhance affordability for those wanting o buy a home.
As covered earlier this year, LendInvest Mortgages has launched its Strategic Partners program for 2024, relationships that will be directly managed by Nigel Robbins, who was recently promoted to National Account Manager.
In his new role, Nigel will be responsible “for overseeing the Strategic Partner program while supporting the broader BDM team.”
Having spent 27 years working within the finance industry, Nigel reportedly “has extensive experience in the UK mortgage and intermediary market.”
Before joining LendInvest four years ago, Nigel had previously “held Sales positions at Magellan Homeloans, Precise, Mortgages PLC, Kensington Mortgages, and First National Bank.”