Landlords

BTL range updated at LendInvest

Property Reporter
|
20th May 2020
to let 721

LendInvest has announced that it has revamped its buy-to-let product range with a series of product updates following the restarting of physical valuations.

According to the lender, two-year fixed rates will now start at 2.99% up to 65% LTV and 3.29% up to 70% LTV. The maximum loan size is £750,000.

The firm also revealed that it has reintroduced its five-year fixed rate 75% LTV product, which starts from 3.99%, with 70% LTV available at 3.49% and 65% LTV at 3.29%. Also on offer is a five-year fixed rate at 3.69% available up to 70% LTV, with an ICR at 4%.

Buy-to-let borrowers will receive a £500 cashback contribution towards legal fees when they take out a five-year product for standard property types.

Andy Virgo, director of buy-to-let at LendInvest, said: “It is encouraging to see the housing industry start shifting safely back into gear this week, and the team are primed and ready to hit the ground running with this new refresh to our product range.

“As a lender that has remained open for business over the last couple of months I am confident that we are in a uniquely advantageous position to best serve our customers as valuers return to work, all whilst staying alert to the evolving crisis-environment.”

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