The lender has adjusted rates over the entire product range, from residential to commercial, semi-commercial, land and refurbishment. In addition, the maximum LTV on refurbishment finance has been increased to 85%, at a rate of 0.79%.
For all standard property applications, customers are now eligible for free legal fees, and also a reduced £150 valuation fee when refinancing to a LendInvest buy-to-let loan.
LendInvest have revealed that over half of all new enquiries and applications are not being submitted through their Bridging Portal, which streamlines both the application and case management processes.
Justin Trowse, director of bridging at LendInvest, said: “The opportunity to bring this newly priced range of products to our broker partners at a busy time for the industry is brilliant, and is a great example of the efficiencies and product tailoring we are able to achieve through market-leading technological developments like our Bridging Portal.”
Original article featured here…
LendInvest recently cited Scotland as having the highest BTL yields right now, and predict that house sales and prices will continue to rise in the major cities. This is due to low supply coupled with high demand.