LendInvest

LendInvest launches limited edition BTL remortgage range




LendInvest has reduced interest rates and dropped product fees for both of its five-year fixed rate BTL remortgage products.

The limited time offer will be available on standard property cases up to 75% LTV and up to £250,000.

Products are offered at an interest rate of 3.60%, with the interest cover ratio (ICR) calculated at the pay rate, or at an interest rate of 3.49% with the ICR calculated at 5%.

These products will both have zero product fee.

Ian Boden, sales director at LendInvest (pictured above), 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.”

The lender has also reduced rates on its 80% LTV cases, with two-year fixed rates now available at 3.59% and a five-year fixed rate at 3.69%, however, both have a 1% product fee.

Free title insurance will now be available on remortgage cases to streamline the loan completion process.

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