LendInvest has launched a new range of buy-to-let mortgage products today. The new products are aimed at supporting landlords amidst current market challenges.
In a bid to boost landlord confidence, LendInvest has introduced rates starting from a competitive 5.54%. This initiative is being underwritten by a new £500m partnership with Chetwood Financial Limited, which was announced earlier this week.
LendInvest has also introduced a 0.40% reduction on its buy-to-let tracker products, which complements a new, broad and competitively priced fixed-rate offering.
Providing support up to 75% loan-to-value (LTV), the new rates will be driven by an advanced technology platform. The platform, which has been undergoing enhancements over the past six months, is designed to expedite the mortgage application process for brokers and their clients.
Sophie Mitchell-Charman (pictured), commercial director at LendInvest, said: “This new range is about us fulfilling the ambitions of our brokers and customers that the market is not currently meeting.
“We hope this will show our confidence in the market and encourage landlords to meet the current record high rental demand.”
Mitchell-Charman added: “Our buy-to-let team has worked hard on this new range to ensure operational readiness. We aim to make every enquiry, application, and offer simple and are excited to see this work come to fruition.”
