According to the lender, a 2.99% two-year fixed rate at 75% LTV and reduced rates to 3.69% for cases up to 80% LTV have been introduced.
Additionally, remortgage cases now qualify for a reduced valuation fee for loans up to £300,000 and for a limited time there will be free title insurance on these cases too.
LendInvest says this will "dramatically reduce the time it takes to complete the loans" by streamlining the application process and providing cover for issues that regularly crop up in the due diligence process. The lender predicts that completion times will be brought forward by an average of three weeks.
By utilising both the reduced valuation fee and free title insurance, borrowers can save up to £630 in fees throughout the loan process.
Ian Boden, sales director at LendInvest, commented: “In the five months since launch, our buy-to-let product has gained impressive momentum, allowing us to step back and regularly evaluate our product offering.
"At LendInvest we are constantly listening to the brokers we work with and re-assessing how we can adapt and evolve our proposition to best suit our borrowers. These changes are not only huge cost saving initiatives, but also dramatically cut down the time taken to deliver our loans.”
