Andy Virgo

LendInvest refreshes BTL products

LendInvest has made a number of changes to its BTL product suite, including rate reductions, the introduction of higher LTV products and larger maximum loan sizes.

The lender cut rates across its standard BTL range, with its 80% LTV product now available at 3.89%.

For small HMOs, rates have been reduced and the maximum loan size has been upped to £1m, in addition to a new 80% LTV product.

LendInvest has also added a 75% LTV product for large HMOs with a maximum loan size of £1.5m.

Its definition of a large HMO is now from 10 to 15 bedrooms.

For MUFBs, the lender changed the maximum loan size to £2m at 70% LTV and £1.5m at 75% LTV, with lower rates across the range.

LendInvest will now also offer cashback towards legal fees (0.25% of the loan amount, up to £1,000) on qualifying five-year, fixed-rate products.

Andy Virgo, sales director at LendInvest (pictured above), said: “It’s an exciting time at LendInvest right now as we kick the year off with new funding for our BTL product and [reveal] an extensive refresh to our BTL product suite. 

“As the market continues to gather momentum, we are continuously looking to make property finance simpler and deliver the products that portfolio landlords need in a constantly evolving economic landscape.” 

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