LendInvest refreshes BTL range with new product

LendInvest has added a new pay rate product to its BTL range for limited companies and special purpose vehicles.

The new, exclusive five-year fixed-pay rate product, comes at a rate of 3.69% for limited company landlords.

This is part of a series of updates to LendInvest’s BTL product suite, which includes raising its LTV and maximum loan limits, as well as broadening its lending criteria to include first-time landlords and student lets.

The lender is now offering 80% LTV products on standard properties, with a maximum loan size of £500,000.

The company also increased its maximum loan size for standard properties to £1.5m at 65% LTV.

Customers are eligible for £200 cashback on all applications where open banking is used.

Andy Virgo, director for BTL at LendInvest (pictured above), said: “Professional landlords are speaking with their feet right now and the demand we have seen for our BTL proposition of late is illustrating exactly that. 

“Incentivised by the SDLT freeze, it’s clear that we can still do more to support our borrowers."

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