Ian Boden

LendInvest cuts rates across BTL range

LendInvest has reduced rates across its BTL product range and will now offer a cashback contribution towards legal fees up to £750.

Two-year fixed rates now start from 2.89%, while five-year fixed rates start from 3.19%.

The property finance marketplace — which is launching new products for 65% and 70% LTV — has revealed that rates have been reduced for its 75% LTV products.

Product fees for the range remain at 1% and for standard properties there’s a £150 non-refundable valuation fee.

For large HMO cases, the maximum loan size has increased to £1m with two- and five-year fixed rates starting at 3.59% and 3.79% respectively.

Customers will now also receive the £750 cashback contribution towards legal fees when taking out a five-year fixed BTL mortgage for standard property types up to 75% LTV.

Ian Boden, sales director at LendInvest (pictured above), said: “We continuously listen to our broker partners about what product features they value most and are delighted to be able to bring these important product changes to market as we lead into the autumn.”

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