"This rate reduction across our Buy-to-Let range, our lowest rates this year, demonstrates our ongoing support for the property investment market"
- Paula Mercer - LendInvest
LendInvest Mortgages has announced that it has lowered interest rates across its buy-to-Let mortgage product range. All 2-year fixed-term BTL mortgages are reduced by 20bps and a 15bps reduction on 5-year term BTL loans. There is also a 5bps reduction on 7-year fixed-term BTL products.
The rates, starting from 3.34% for a 2-year term and 4.54% on a 5-year term loan, reflect the company’s lowest rates across its BTL range this year.
Product transfers
The alternative lender is also decreasing interest rates for its Product Transfer product line, with a 10bps reduction on 2-year term products and a 5bps reduction on 5-year term products.
These rate reductions accompany recent updates to the lender’s Mortgages Portal platform that streamlines the Product Transfer process through the use of Automatic Valuations where possible, as well as automated conduct checks on the existing mortgage that enable pre-populated product options.
"At LendInvest, we are committed to providing competitive and attractive financing options for landlords, whether they be Limited company or have a small portfolio," explained LendInvest director of sales, Paula Mercer, "This rate reduction across our Buy-to-Let range, our lowest rates this year, demonstrates our ongoing support for the property investment market."
"We can appreciate that modern landlords need digital solutions to complex situations, and that’s why we are continuing to improve our Product Transfer process within our Mortgages Portal. Through the use of AVMs where applicable and light touch underwriting, we’re seeing cases complete in as little as 24 hours, saving investors time and money."
