LendInvest slashes resi rates by up to 0.35 per cent

The lender, which launched its residential range in March this year with £300m backing from Lloyds Banking Group, will reduce rates at 90 per cent LTV.

Its two-year fixed rate at 90 per cent LTV now starts from 6.69 per cent in its L1 Resi 0 range. It comes with a £995 completion fee and has a maximum loan of £750,000. Its two-year fixed valuation incentive deal at 90 per cent LTV begins at 6.84 per cent.

Its five-year fixed rate at 90 per cent LTV in its L1 Resi 0 range is 6.59 per cent, and its valuation incentive version is 6.64 per cent. The deals are subject to £1,195 completion fee and has a maximum loan of £750,000.

There are other ranges to cater for key workers and qualified professionals, and lower pricing is available for properties with an EPC rating between A and C.

Residential mortgage range applications are eligible for free valuations under £400 or £400 off valuation fee.

Sophie Mitchell-Charman, Commercial Director at LendInvest commented: “We want to continue offering homeowners and their brokers the best possible product to meet their needs, and we feel by reducing rates at higher LTVs we will support them to do that.

“We’ve been overwhelmed by the positive feedback to our technology since launch and as deals have completed, now we want to support more people to see the benefit of that technology.”