LendInvest has reduced rates across its residential range to improve its offering for key workers, self-employed and complex income borrowers.
The lender’s rates now start from 5.29 per cent, with two and five-year fixed rates available at loan to values (LTV) up to 90 per cent.
When the lender launched its residential mortgage range in March, rates started from 5.39 per cent.
Residential mortgage applicants are eligible for free valuations under £400 or £400 off valuation fees.
The range offers key worker mortgages, credit friendly mortgages and qualified professional mortgages. The lender said that each product is tailored to serve the needs of customers with more complex income sources and credit histories.
Sophie Mitchell-Charman, commercial director at LendInvest, said: “Following the launch of our new residential mortgage range last month, we are keen to keep iterating our products and listening to what customers, who are regularly overlooked by the market, need to purchase their first home. These changes improve access to finance for these customers, which we are hugely excited about.”
The residential mortgage launch was backed by £300m in funding from Lloyds, and residential mortgages are available through Paradigm, Sesame and PMS
Deals are also accessible through Dynamo, Brightstar, 3MC and Mortgages for Business
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
