LendInvest cuts rates and introduces new products

LendInvest has launched new products and has reduced rates across its standard property range.

The lender has introduced a new holiday let product range, offering a maximum loan amount of £750,000 for houses of up to five bedrooms.

Rates for the two-year fixed options are 3.59% (65% LTV), 3.65% (70% LTV) and 3.69% (75% LTV), while the five-year fixes are priced at 3.79% (65% LTV), 3.89% (70% LTV) and 3.95% (75% LTV).

The lender has also launched a new seven-year fixed-rate product, starting at 2.99% for 65% LTV.

In addition, LendInvest has reduced rates across its standard BTL suite, with its five-year 75% LTV option now available at 3.14% and the two-year fixed-rate products starting from 2.75%.

The small HMO range also saw rate cuts and now offers 3.06% for its two-year fix and 3.64% for its five-year fixed option, both available at 70% LTV.

Andy Virgo, sales director at LendInvest (pictured above), said: “We are hugely excited to be releasing this new catalogue today, which includes a whole range of updates we have been eager to implement for landlords. 

“Supporting landlords who are experienced in, or have diversified into the short-term let market is a natural progression for us, as we continue to broaden our funding sources we are keen to keep tailoring our offering, and delivering new products that fill the gaps we see in the market.

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