Buy-to-letNews

LendInvest cuts rates and product fees

LendInvest has dropped its product fees and lowered interest rates for both of its 5-year fixed rate buy-to-let remortgage products for a limited time.  

The products will be available on standard property cases up to 75% loan-to-value and up to £250,000 in loan size.

The products are offered at an interest rate of 3.60%, with the ICR calculated at the pay rate, or at an interest rate of 3.49% with the ICR calculated at 5%. Both products will have zero product fee.

Ian Boden, sales director at LendInvest, said: “As our internal processes continue to evolve; streamlining both our origination and loan management systems, we can increasingly offer our borrowers more competitive rates in the long term.

“These products will directly benefit our borrowers’ wishing to grow their business by enabling them to leverage and release capital for further property investment.”

LendInvest has also reduced rates for 80% LTV cases; with a 2-year fixed now at 3.59% and a 5-year fixed at 3.69%, both with a 1% product fee.

In line with this offer, free title insurance will be available on remortgages cases which streamlines the loan completion process.

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