x
By using this website, you agree to our use of cookies to enhance your experience.
STAY CONNECTED!
    
newsletter-button

TODAY'S OTHER NEWS

LandInvest makes changes to range of BTL products

LandInvest has made a series of changes to its buy-to-let product range.

The property finance platform has raised its maximum loan size for MUFB properties to £3m and reduced ICR for basic rate taxpayers. 

LendInvest is now offering a maximum loan size for MUFB properties up to £1m at 70% loan-to-value (LTV), £1.5m up to 65% LTV and will now accept applications up to £3m at a maximum of 60% LTV. 

The lender has also reduced its ICR to 125% at 4% for basic rate taxpayers on their five year pay rate product enabling landlords greater leverage for lower yielding properties.

 

LendInvest is currently offering a series of Summer Special offers, which will run to the 31 of August 2020. 

The lender is offering a two-year fixed rate deal at 75% LTV at a rate of 3.49%, with a maximum loan size of £750,000. 

Meanwhile, there is a five year fixed rate deal offered at 70% LTV, available at a rate of 3.69% and 75% LTV product available at 3.59%, or 3.69% with a 4% ICR. 

Andy Virgo, director for buy-to-let at LendInvest, said: “We are consistently listening to our broker partners and monitoring the market post lockdown to ensure we are responding effectively to what landlords need to keep their business moving forward in a somewhat unique environment. 

“The time is right to make these changes, and is the start of further enhancements to our proposition through the rest of the year.” 

icon

Please login to comment

MovePal MovePal MovePal
sign up