LendInvest cuts buy-to-let mortgage rates amid range refresh

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  • 26/04/2018
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LendInvest cuts buy-to-let mortgage rates amid range refresh
LendInvest has dropped on rates on select buy-to-let mortgages amid a wider shake-up of the range.

 

The specialist lender has launched a 2.99% two-year fixed-rate for borrowers at 75% loan to value (LTV).

And rates have been improved at 80% LTV to start from 3.69% for portfolio landlords, limited companies and individuals for a select time.

At the same time, the valuation fee has also been reduced to £100 on buy-to-let remortgage cases up to £300,000, with free title insurance also offered on these cases.

Title insurance helps streamline the loan application process and provides cover for issues that regularly crop up in the due diligence process, bringing forward completion time by around three weeks.

Ian Boden, sales director at LendInvest (pictured), said: “In the five months since launch, our buy-to-let product has gained impressive momentum, allowing us to step back and regularly evaluate our product offering.

“At LendInvest we are constantly listening to the brokers we work with and re-assessing how we can adapt and evolve our proposition to best suit our borrowers.

“These changes are not only huge cost saving initiatives, but also dramatically cut down the time taken to deliver our loans,” he added.

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