On standard residential loans, borrowers will now benefit from a reduced valuation fee of £150, as well as free title insurance. The free title insurance will also be offered on HMO cases.
For a short period Lendinvest will now pay a contribution towards the borrower’s legal fees on the five-year fixed rate deals, up to a maximum of £850. This increases to £1,000 for repeat borrowers.
Ian Boden (pictured), sales director at Lendinvest, said the changes were the result of “listening closely to our customers and the market”.
He added: “Access to capital is crucial when a landlord is growing their property portfolio – these product changes provide a significant reduction in the upfront cost our customers face when acquiring finance.”
In its results published last month, the lender claimed to be “winning share” of the buy-to-let market from “slow-moving banks”.
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