Complex Buy To Let
LendInvest slices buy-to-let rates and fees
Property finance platform LendInvest has reduced rates and product fees across its buy-to-let product range as it pushes to grow its market share.
The lender has reduced its five-year fixed-rate deal to 3.60%, with the interest cover ratio (ICR) calculation at a pay rate of 3.60%.
At the same time, product fees for all buy-to-let mortgages on standard property and houses in multiple occupation (HMO) cases have been reduced to 1%.
Valuation fees have been reduced to £100 for all standard property cases.
Ian Boden, sales director at LendInvest, (pictured) said: “One year on from the launch of our buy-to-let product we are proud of the offering that we have worked on continuously throughout the year.
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“As the business continues to enjoy the support of more lending capital, we are confident that the rates we’re now able to offer across our products mean we hold a very competitive position in the market.”