LendInvest launches limited edition BTL products
Andy Virgo

LendInvest launches limited edition BTL products

LendInvest has introduced a range of updates to its BTL product, including a series of special offers available for a limited time.

The lender is offering its two-year fixed 75% LTV product at a rate of 3.49% with a maximum loan size of £750,000.

Its five-year fixed mortgages have been adapted too, with its 70% LTV offering available at a rate of 3.69%; and the 75% product is now at 3.59%, or 3.69% with a 4% ICR.

There has been a reintroduction of its 75% LTV range for standard HMO cases up to six bedrooms, across two- and five-year fixed products.

The minimum property value for HMO cases has been reduced, now starting at £250,000 for Greater London and £100,000 for the rest of the country.

Large HMO and MUFB cases with properties up to 10 bedrooms are now being accepted.

Andy Virgo, director for BTL at LendInvest (pictured above), said: “At this time, two of the most important things a lender can do is observe the market and listen to [its] customers. 

“Doing this ensures you are not only delivering the products they need, but products that are right for them; this is something we continuously strive for at LendInvest. 

“As we all settle into the new normal, portfolio landlords are increasingly seeking leverage to aid the growth of their BTL portfolios. 

“These product changes are key to supporting them and allowing them access to the funding they require.”

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