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LendInvest revamps buy-to-let range

  • 15/05/2024
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LendInvest revamps buy-to-let range
LendInvest has updated its buy-to-let (BTL) range by lowering rates and upping maximum loan sizes to offer the “most comprehensive and competitive mortgage solutions for landlords”.

LendInvest has lowered BTL rates by up to 0.15% across the range, with pricing starting from 3.89%.

Landlords can secure up to 80% loan to value (LTV) on five-year BTL products for standard properties and small houses in multiple occupation (HMOs).

The maximum BTL loan size has been increased to £3m, which LendInvest said will accommodate the needs of investors looking for larger property deals.

The maximum LTV for new-build flats has also been increased to align with that for new-build homes.

The firm added that it had reintroduced a holiday let deal with two- and five-year fixed rates available. This will cater for “growing demand” for holiday rental properties and encourage portfolio diversification.

Sophie Mitchell-Charman (pictured), commercial director at LendInvest, said: “We are delighted to introduce these significant updates to our buy-to-let product suite. These changes are designed to empower property investors with more options and better financial flexibility.

“By reducing rates and expanding our product range, we aim to support a wider array of investment strategies and help landlords achieve their property investment goals. At LendInvest, we strive to be the preferred lender for those seeking innovative and competitive mortgage solutions, especially in a dynamic market.”

The lender recently launched a “streamlined” product transfer process for its BTL customers nearing the end of their fixed term and added BTL to its proprietary mortgage portal earlier this year.

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