LendInvest reduces BTL rates and introduces cashback

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  • 03/09/2019
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LendInvest reduces BTL rates and introduces cashback
LendInvest has implemented a range of rate changes across its buy-to-let (BTL) mortgage products, and will now offer a cashback contribution towards legal fees of up to £750.

 

The company’s two-year fixed rates now start from 2.89 per cent, down from 2.99 per cent, with five-year fixed rates from 3.19 per cent, down from 3.6 per cent and 3.49 per cent.

Rates have also been reduced for its 75 per cent loan to value (LTV) products as the lender launches new deals for 65 per cent and 70 per cent LTV. 

All of these products maintain a product fee of one per cent, and, for standard properties, a non-refundable valuation/application fee of £150. 

The maximum loan size for large houses in multiple occupation (HMO) cases has increased to £1m, with two-year and five-year fixed rates starting at 3.59 per cent and 3.79 per cent respectively. 

Alongside these changes, LendInvest BTL customers will now receive a £750 cashback contribution towards legal fees when they take out a five-year fixed BTL mortgage for standard property types on products up to 75 per cent LTV. 

Ian Boden (pictured), sales director at LendInvest, said: “We continuously listen to our broker partners about what product features they value most and are delighted to be able to bring these important product changes to market as we lead into the autumn.  

“Our recent BTL securitisation and the attraction of additional institutional funding partners has given us a really strong and well-diversified capital base.” 

 

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