LendInvest has launched a range of residential mortgage products and increased the maximum loan-to-value (LTV) for buy-to-let (BTL) small multi-unit freehold blocks (MUFBs) to 75%.
The new offerings include competitive residential remortgage products with no product fees on Tier 3 and 4 loans, reduced rates for Tier 0-2 no product fee options, and new 5-year fixed rates at 65% and 75% LTV with a £1,995 product fee.
Interest-only options are now available up to 70% LTV and 75% LTV for part-and-part mortgages.
Sophie Kettle, commercial director at LendInvest, said: “LendInvest recognises that not all home-buyers fit the traditional mould for High Street lending, and that’s why we’re delighted to make available this limited edition of Remortgage products.
“We understand that every borrower’s situation is unique and personal, and that’s why we believe that these product enhancements reflect our ongoing commitment to providing options that meet the evolving needs of brokers’ clients.
Kettle added: “We also know that property investors are always wanting to increase their investing and purchasing potential, and by increasing the Max LTV on smaller MUFBs we are giving them a clear path to achieving their property goals.”
