Specialist lender and fintech platform LendInvest has reduced mortgage rates across its two-year fixed buy-to-let (BTL) deals.
Pricing has been cut by 0.15%, with rates now starting from 3.74%.
LendInvest has made reductions across all new business, product transfer, bridge-to-let loans for standard properties, houses in multiple occupation (HMOs), holiday lets and multi-unit freehold blocks (MUFBs).
The products can be used to fund the purchase of standard properties, small and large HMOs, holiday lets and MUFBs.
LendInvest’s BTL products go up to 80% loan to value (LTV) and use open banking for a streamlined application process. Applicants will also gain access to underwriters.
It also offers product transfer options so borrowers can switch to a new deal easily.
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Sophie Kettle, commercial director at LendInvest, said: “We’re committed to providing our customers with competitive rates and flexible products to help them achieve their property investment goals. This rate reduction reflects LendInvest’s ongoing efforts to support the BTL market and provide landlords with attractive financing options.
“Our goal is to make mortgages simple for everyone, and our product transfers are another way we achieve that goal. Conducted in our Mortgages Portal, utilising our product transfer options, brokers can seamlessly move their client onto another one of our BTL products.”
She added: “We also recognise that property deals can get complicated quickly, and that’s why brokers have direct access to our dedicated teams of business development managers, underwriters and case managers, who can offer support and cut the complex out of the most complicated of property finance deals.”
Earlier this year, LendInvest announced it had renewed its £300m facility with Lloyds to support its business. It also reported record lending volumes for Q3.
