"In today’s market, affordability remains key for customers, and we continue to provide options for those customers, allowing them to complete their projects. That’s why we’re delighted to be able to cut all of our buy-to-let mortgage products by up to 20bps"
- Hugo Davies - LendInvest
LendInvest Mortgages has introduced a reduction in interest rates across its full range of buy-to-let mortgage products, marking the lender’s most competitive offering in more than three years.
The changes include a 20 basis point (bps) cut to all two-year fixed rates, as well as to five-year and seven-year fixed rates on large houses in multiple occupation (HMO) and multi-unit freehold block (MUFB) products. In addition, five-year and seven-year fixed rates for standard properties, small HMOs/MUFBs, holiday lets, and ex-pat borrowers will see a 10bps decrease. These reductions are also applicable to product transfers.
The lender’s revised pricing now starts at 3.24% for a two-year fixed term.
“Our commitment to helping brokers find solutions for their landlord clients continues,” said Hugo Davies, chief capital officer and managing director for mortgages at LendInvest. “In today’s market, affordability remains key for customers, and we continue to provide options for those customers, allowing them to complete their projects.
“That’s why we’re delighted to be able to cut all of our buy-to-let mortgage products by up to 20bps.”
Davies added, “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 of 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.”
The rate changes come as part of LendInvest’s ongoing efforts to strengthen its service offering. The lender has received recent recognition in a Smart Money People survey, earning both a five-star lender rating and the title of top digital lender.
