LendInvest Mortgages has refreshed its buy-to-let (BTL) product suite, with reductions and larger loan sizes, aimed at supporting professional landlords.
LendInvest made reductions of up to 0.30% across its range of 2-year, 5-year and 7-year BTL mortgages, with rates starting at 3.99%.
The range includes a 2-year standard product at the 3.99% rate, with a 7% product fee.
Changes also included specialist support for complex buy-to-lets, including an expanded maximum loan size for large houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs), with the upper limit increasing to £1.5m.
This update followed a series of rate cuts across LendInvest Mortgages’ residential and bridging products.
Sophie Mitchell-Charman, commercial director at LendInvest, said:“This week marks a pivotal moment for LendInvest Mortgages, not just in launching this new Buy-to-Let product range, along with other key updates to our mortgages suite, but also in aligning our efforts with the broader economic landscape.
“The Bank of England’s pause on interest rate hikes comes at a crucial time for the UK property market, and our latest offerings are designed to bolster this positive momentum.
“By introducing significant rate reductions and expanded lending capabilities, we aim to empower professional landlords and invigorate the property sector.
“This refreshed range, combined with a stabilising financial environment, provides ample ground for landlords to bolster their portfolios.”