LendInvest cuts rates across BTL range

LendInvest has reduced rates and product fees across its BTL product range.

The online property finance platform has reduced the pay rate for its five-year fixed rate product to 3.60%, with the ICR calculation at a pay rate of 3.60%.

It has also reduced product fees to 1% on all BTL mortgages on standard property and HMO cases, as well as lowering valuation fees to £100 for all standard property cases for a limited time.

In addition, LendInvest will now cover the borrower’s legal fee scale costs for standard property, standard conveyance cases, where dual representation is selected.

Ian Boden, sales director at LendInvest (pictured above), said: “One year on from the launch of our BTL product we are proud of the offering that we have worked on continuously throughout the year.

“As the business continues to enjoy the support of more lending capital, we are confident that the rates we’re now able to offer across our products mean we hold a very competitive position in the market. 

“This level of flexibility on rates is complemented by the streamlined application and loan management process we have implemented internally, ensuring we are well equipped to accommodate a high volume of BTL applications.”

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