Is the market softening? LendInvest has reduced mortgage rates again—this time by 15 bps on a two-year fixed-rate product and 10 bps on a five-year loan.
LendInvest said they were doing so to ensure they are offering a competitive product. At the same time, the platform said they are “expanding eligibility criteria.”
Eligibility criteria for “qualified professionals and key workers” has now been expanded to include more occupations like psychologists, social workers, prison officers, prisoner custody officers, and teaching staff, including teaching assistants and university lecturers.
Paula Mercer, Head of Sales at LendInvest, by lowering rates and expanding eligibility they are seeking to make certain more people can benefit from their mortgage solution.
LendInvest noted that it continues to offer direct access to underwriters, live case updates through our Mortgages portal, and an industry-leading Loan-to-Income (LTI) ratio of 6.49x, designed to support borrowers looking to purchase their next home.