As part of the revamp, ERCs have been removed across the lender’s entire tracker mortgage range, allowing landlord borrowers to refinance, repay or switch products during the initial term without incurring exit penalties.
LendInvest has also reduced rates across the tracker suite, which it said would lower borrowing costs and support affordability through improved interest coverage ratio (ICR) calculations.
The lender has further increased maximum LTVs from 70% to 75% for a number of specialist property categories, including holiday lets, small multi-unit freehold blocks (MUFBs) and large houses in multiple occupation (HMOs).
In addition, LendInvest has launched a dedicated tracker range for large MUFBs, which it said was developed in response to growing demand from portfolio landlords.
Darrell Walker (pictured), managing director for mortgages at LendInvest, said: “In today’s market, property investors need both affordability and agility. By eliminating early repayment charges across our tracker suite, we are removing tie-ins and giving landlords total confidence to manage their portfolios flexibly.
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“Combined with reduced rates, higher LTV leverage on complex assets and our new large MUFB tracker proposition, this overhaul reflects LendInvest’s ongoing commitment to supporting brokers and their landlord clients with competitive, real-world financing solutions.”
