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TODAY'S OTHER NEWS

LendInvest introduces new BTL deals and reduces rates

LendInvest has introduced a range of new buy-to-let mortgage products, in addition to reducing rates on select offerings.

New buy-to-let rate deals include a five-year fixed mortgage product at 75% loan-to-value (LTV) which is available at 3.6%, while the 75% LTV five-year fix remortgage offer is on offer at 3.49%.

Both deals come with no product fees, but the maximum loan size is capped at £250,000.

LandInvest has also cut rates on select products, including the 80% LTV two-year fix at 3.69%, which has been reduced to 3.59%, as well as the 80% LTV five-year fix at 3.89% which has been cut to 3.69%.

Ian Boden, sales director at LendInvest, said: “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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