LendInvest Mortgages, the UK’s platform for mortgages, has cut rates across its Residential Mortgage suite as it goes further “to support homebuyer customers who may struggle to get a mortgage on the high street.”
LendInvest notes in a blog post that the range now starts from rates as low as 5.74%, “including reductions on its tracker products by up to 25bps, and reductions across all fixed rates by 15bps.”
It has also introduced new, no-fee products “to help homeowners with the upfront costs of their mortgage.”
These changes are the first in “an evolving proposition, strongly influenced by LendInvest’s broker partners, where it looks to constantly adapt based on broker feedback and what can better suit the needs of their customers.”
LendInvest Mortgages’ residential range “includes support and specialist products for people who have multiple sources of income, are self employed, key workers or have complex credit histories.”
Paula Mercer, Head of Sales at LendInvest, said:
“These changes mark our next step in support of brokers and their customers who may be traditionally harder to place with a lender. In the year since we launched Residential Mortgage products, we’ve seen lots of appetite and learned a lot from our brokers’ feedback so we can keep building a product range that meets the needs of borrowers who are underserved by the mainstream mortgage lenders.”
As covered, LendInvest says it is one of the leading platforms for mortgages, “changing the way borrowers and investors access property finance for the better.”
Since starting out in 2008 they’ve reportely “lent more than £6 billion of property finance, and using our technology, provide a wholly online experience for our customers.”
Whether you’re a broker, a homeowner, a landlord or a property investor – they “make mortgages simple for everyone.”
As covered earlier this month, 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.”
