LendInvest launches 'EPiC' range for green properties

Within the EPiC range, rates start at 2.65% for standard properties, 2.91% for small HMOs, and 3.49% for large HMOs, MUFBs and holiday lets.

LendInvest launches 'EPiC' range for green properties

LendInvest has launched an 'EPiC' product range, offering reduced rates and fees for environmentally friendly properties.

 

The EPiC range affects each area of the LendInvest buy-to-let suite, offering reduced rates for standard properties, houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs) and holiday lets.

Rates start at 2.65% for standard properties, 2.91% for small HMOs, and 3.49% for large HMOs, MUFBs and holiday lets.

LendInvest will offer a further 10bps reduction for borrowers transitioning from one of its bridge or development products if the property also meets the relevant green criteria.

The lender has also launched a 7-year fixed rate product, starting at 2.88% for 70% loan-to-value (LTV) within the lender’s EPiC range.

Andy Virgo, sales director at LendInvest, said: “The launch of this product range is just the next step in the business’ strategy to reward and support borrowers who take their environmental responsibility seriously.

"As a lender that has offered green initiatives for a number of years now, we hope to broaden this offering in the future, as we continuously seek to work with funding partners that share our ethos.”

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