LendInvest, a Fintech offering financing for property developments, has boosted its BTL (Buy to Let) product and mortgages for homebuyers.
According to the company, it has expanded its BTL product range with 80% LTV, and reduced rates by up to 15bps across itsrange, with rates now starting at 3.89%. Landlords can now also access up to 80% LTV on five-year products for both standard properties and small HMOs. Maximum loan sizes have been increased up to £3 million, for larger property deals.
LendInvest has also crafted a new Holiday Let product with 2-year and 5-year fixed rates.
Additionally, LendInvest has updated its residential mortgage offering, now considering all income sources for borrowers in recognition of changes as to how individuals work and earn income.
Paula Mercer, Head of Sales at LendInvest, said the changes to their Residential Mortgage suite, mean they are catering offerings to those often overlooked by traditional lenders.
“Our expanded criteria for income consideration are designed to facilitate access to mortgages for a broader range of customers, particularly those who find their complex financial situations a barrier with high street lenders. LendInvest is committed to being the reliable alternative, providing flexible and inclusive mortgage solutions tailored to the diverse needs of modern homeowners.”
