"As an alternative lender, we’re committed to helping our customers and their clients deliver on their projects, and affordability is key to that. As such, we’re pleased to reduce our BTL rates by 10bps"
- Hugo Davies - LendInvest
LendInvest Mortgages has reduced rates on all its buy-to-let products by 10 basis points, with the lowest rate now at 3.44% on a two-year fixed term.
The reduction applies to the full range of BTL offerings, including expat mortgages, bridge-to-let loans, and product transfers. Additionally, the lender will contribute up to £500 towards legal costs for all bridge-to-let loans.
This move follows LendInvest’s recent recognition as a 5-star lender and top digital-first lender in the Smart Money People Mortgage Lender Benchmark Survey.
“As an alternative lender, we’re committed to helping our customers and their clients deliver on their projects, and affordability is key to that. As such, we’re pleased to reduce our BTL rates by 10bps, " explained LendInvest's chief capital officer and managing director for mortgages, Hugo Davies.
He added, “We also know that costs can add up quickly, especially for SMEs and first-time landlords, and our contribution towards legal costs on bridge-to-let products will save clients some money as they embark on their newest project.
“At LendInvest, our goal has always been to make the mortgage process as simple as possible, and that’s why our Mortgages Portal is optimised for brokers. One portal where brokers can see real-time updates on all their cases, apply for and complete product transfers in hours, and get in touch with our dedicated team of case managers and underwriters when extra support is needed.”
