Its lowest rate drops below 4%
LendInvest Mortgages has launched a new buy-to-let product suite, with rate reductions and larger loan sizes to support landlords.
The lender has cut up to 30 basis points off rates across its range of two-, five-, and seven-year buy-to-let mortgages. Rates now start from 3.99%.
LendInvest is also providing specialist support for complex buy-to-lets, including an expanded maximum loan size for large houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs), with the upper limit increasing to £1.5 million.
The new buy-to-let range is the latest update in a string of rate cuts across LendInvest Mortgages’ residential and bridging products.
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Details of the updated buy-to-let product range can be accessed on the lender’s website.
“This week marks a pivotal moment for LendInvest Mortgages, not just in launching this new buy-to-let product range, along with other key updates to our mortgages suite, but also in aligning our efforts with the broader economic landscape,” said Sophie Mitchell-Charman (pictured), commercial director at LendInvest.
“The Bank of England’s pause on interest rate hikes comes at a crucial time for the UK property market, and our latest offerings are designed to bolster this positive momentum. By introducing significant rate reductions and expanded lending capabilities, we aim to empower professional landlords and invigorate the property sector. This refreshed range, combined with a stabilising financial environment, provides ample ground for landlords to bolster their portfolios.”
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