Rates now start from 5.49%
LendInvest Mortgages has again made rate reductions – this time, on its residential products to provide enhanced support to first-time buyers, mixed-income earners, and credit-impaired homeowners seeking property purchases and remortgages.
Following a reduction of 55 basis points in rates, the lender’s comprehensive mortgage range now has rates that start from 5.49%.
The new product line features specialised offerings for key workers, qualified professionals, and individuals with credit impairments.
The strategic move aligns with the evolving needs of homebuyers, especially in the aftermath of a year marked by rising mortgage arrears and increased pressure on household incomes due to inflation.
To open the year, LendInvest has also reduced rates on its buy-to-let products, aiming to support landlords.
“Our residential mortgages have always been designed with helping people either into the housing market for the first time, help them buy their new home after their circumstances change, and remortgage comfortably,” commented Paula Mercer (pictured), head of sales at LendInvest Mortgages.
“After a challenging year for first-time buyers and homeowners, we wanted to make sure we gave them the tools to realise their home owning ambitions. Combined with the redesigned LendInvest Mortgages Portal, which helps brokers find essential information about their deals up to five times faster, we’re excited to make people’s next remortgage or home purchase simple throughout 2024.”
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