Their buy-to-let product range will now include funding offers for those looking to become landlords and also cater for student let HMOs (up to six bedrooms).
Customers who take out fixed 5-year buy-to-let mortgages within certain criteria will also receive £500 cashback towards their legal fees.
Lendinvest are now offering 80% LTV on standard properties as well, with a maximum loan size of £500,000. The maximum loan size for standard properties has been raised to £1.5 million and £3 million for MUFB cases, with LTVs up to 75%.
Andy Virgo, Director for Buy-to-Let at LendInvest, stated: “Landlords are looking to move fast, and stay flexible when considering new projects at this time – in order to do that, they need the right products available to them. With these new updates, I am confident we are not only able to deliver competitive funding options, but also the right team and expertise behind them to act as a vital partner for our customers as they seek to expand their portfolios.”
Lucy Barrett, Managing Director at Vantage Finance, added: “These product improvements are yet another clear affirmation of LendInvest’s reputation for listening to, and supporting BTL landlords.
The addition of larger loans, higher LTVs and support for HMO landlords with reduced fees will be a winning combination for landlords to grow their businesses throughout the ongoing SDLT holiday.”
Original article featured here…
This news comes after recent research has shown an increase in the number of buyers entering the buy-to-let market.