LendInvest
, the London based buy to let finance and bridging finance platform, has made a range of reductions to rates for its buy-to-let range, and launched a new 5-year fixed rate product.
The lender is now offering the 70% LTV two-year fixed rate at 3.19%, and the 75% LTV product at 3.29%.
A new 5-year fixed rate has also been introduced up to 75% LTV at 3.54%.
Another reduction has been made, for individual and corporate landlords, with rates at 3.64% for both 75% LTV products at 4% and 3.64% ICR, the latter coming at a reduced fee.
Andy Virgo, Sales Director at LendInvest, said: “A close working relationship with our brokers and professional partners has allowed the team to ensure the product suite we have on offer reflects what our landlords need right now, and our risk appetite is positioned correctly.
“We are heading into the new year with a huge capacity to lend, and we have coupled these product updates with further adjustments to our criteria to reflect that.”
Original article featured here…
LendInvest announced a record quarter for signed bridging applications in Q3 of 2020, having recently launched their new BTL product range, broadening lending criteria to include first-time landlords and student let HMOs.