LendInvest, the London based buy to let finance and bridging finance platform, has reduced rates for its BTL product suite. The lender has also launched a new product for large HMOs and MUFBs.
The two-year 65% LTV product is now available at 2.85% and the five-year 65% LTV product at 3.04%. For standard properties, the five-year 75% LTV option is now available at 3.20%.
The rate for small HMOs at up to 75% LTV is now at 3.04% on the two-year fix, and 3.34% for the five-year fix.
Additionally, LendInvest has launched a new product for large HMOs and MUFBs, up to 75% LTV at 3.69% for the two-year term and 3.95% for the five-year.
On standard properties, borrowers are eligible for a lower £150 valuation fee.
Andy Virgo, sales director at LendInvest, said: ““The opportunity to bring this newly priced range of products to our broker partners attention is welcomed and should be seen as a sign of our commitment to help landlords access not only great service and processes, but compelling rates too.”
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