LendInvest, the London based buy to let finance and bridging finance platform, has launched a new product range, for holiday lets and short-term properties. The lender has also made a series of reductions to its standard property range.
Rates on the new holiday let product range start at 3.59% for 65% LTV for two year fixed products.
LendInvest has reduced rates for its small HMO product range, with the two-year fix at 70% LTV now at 3.06% and for the five-year fix at 70% LTV at 3.64%.
For the standard BTL range, two-year fixed rate products now start from 2.75% and the five-year at 75% LTV is now offered at 3.14%.
An additional seven-year fixed rate product has also been added, at 65% LTV with rates starting at 65%.
Andy Virgo, Sales Director at LendInvest, said: “We are hugely excited to be releasing this new catalogue today, which includes a whole range of updates we have been eager to implement for landlords.
Supporting landlords who are experienced in, or have diversified into the short-term let market is a natural progression for us, as we continue to broaden our funding sources we are keen to keep tailoring our offering, and delivering new products that fill the gaps we see in the market.”
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LendInvest recently appointed Esther Morley as managing director of homeowner mortgages.