LendInvest Mortgages has lowered interest rates across a selection of its buy-to-let (BTL) products.
All 2-year fixed term loans will be reduced by 0.10%, with the lowest rate now at 3.14%, resulting in the lender’s lowest rate of 2025.
Additionally, the company is reducing 5-year fixed product by 0.05% for standard properties, small houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs) as well as holiday lets.
For large HMOs (seven to 15 rooms) and MUFBs, LendInvest has reduced rates by 0.10%, and have increased the maximum loan amount to £1.5m from £1m at 75% loan-to-value (LTV).
These rate cuts apply to new business, product transfers and bridge-to-let financing, a type of financing when a borrower can apply for a BTL while applying for a bridging loan, enabling property investors to complete a project with start-to-finish certainty.
Paula Mercer (pictured), sales director at LendInvest, said: “All of us at LendInvest are committed to supporting brokers and their property investor clients. The fact is that affordability is key for customers, and we will always provide options that enable landlords to take on and complete projects.
“We always strive to ensure that our products make affordability just a bit easier, as well as making sure our process is as efficient as possible. We’re delighted to be able to reduce our BTL rates, including our 2-year rate at its lowest this year.”
