LendInvest has released a range of residential products and increased the maximum loan to value (LTV) on a specialist buy-to-let (BTL) deal.
This includes limited-edition remortgage products for residential borrowers with no fee and reduced rates.
This means there will be no fee on LendInvest’s tier 3 and 4 residential remortgages, while its tier 0-2 deals will offer lower rates and no fees.
LendInvest has also launched five-year fixed rates at 65% and 75% LTV with a £1,995 fee.
Additionally, there are now interest-only options up to 70% LTV, and part and part payment products up to 75% LTV, which LendInvest said would give borrowers more flexibility.
The lender has also increased the maximum LTV on its small multi-unit freehold block (MUFB) BTL rate to 75%.
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Sophie Kettle, commercial director at LendInvest, said: “LendInvest recognises that not all homebuyers fit the traditional mould for high street lending, and that’s why we’re delighted to make available this limited edition of remortgage products. We understand that every borrower’s situation is unique and personal, and that’s why we believe that these product enhancements reflect our ongoing commitment to providing options that meet the evolving needs of brokers’ clients.
“We also know that property investors are always wanting to increase their investing and purchasing potential, and by increasing the maximum LTV on smaller MUFBs, we are giving them a clear path to achieving their property goals.”
For the first half of its financial year, LendInvest reported a 30% rise in lending volumes to £539.1m and an improvement in its losses before tax.