LendInvest launches new BTL products and cuts rates

LendInvest has launched new buy-to-let products, as well as cut rates on select offerings.

Notable new additions include a 75 per cent LTV five-year fixed rate BTL remortgage product at 3.60 per cent. The ICR is calculated for this product at the pay rate.

Another new offering is the 75 per cent LTV five-year fix BTL remortgage offer at 3.49 per cent. This product has an ICR at 5 per cent.

The two above offerings both have no product fees, and a £250,000 maximum loan size.

The lender has also cut rates on select products, the 80 per cent LTV two-year fix at 3.69 per cent has been reduced to 3.59 per cent, and the 80 per cent LTV five-year fix at 3.89 per cent has been sliced to 3.69 per cent.

Both products have a 1 per cent product fee.

LendInvest sales director Ian Boden comments: “As our internal processes continue to evolve; streamlining both our origination and loan management systems, we can increasingly offer our borrowers more competitive rates in the long term.

“These products will directly benefit our borrowers’ wishing to grow their business by enabling them to leverage and release capital for further property investment.”

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