LendInvest Mortgages has announced a 10 basis point reduction across its full range of buy-to-let mortgage products, bringing rates down to as low as 3.44% on a 2-year fixed term.
The move applies to all BTL offerings, including Expats, Bridge-to-Lets, and Product Transfers.
The lender is also offering up to £500 towards legal fees on all Bridge-to-Let loans, in a move aimed at supporting cost-conscious borrowers, particularly SME landlords and first-time investors.
Hugo Davies, chief capital officer and managing director for mortgages at LendInvest, said: “As an alternative lender, we’re committed to helping our customers and their clients deliver on their project, and affordability is key to that.
“As such, we’re pleased to reduce our BTL rates by 10bps. We also know that costs can add up quickly, especially for SME and first-time landlords, and our contribution towards legal costs on Bridge-to-Let products will save clients money as they embark on their newest project.
“At LendInvest, our goal has always been to make the mortgage process as simple as possible, and that’s why our Mortgages Portal is optimised for brokers.
“One portal where brokers can see real-time updates on all of their cases, apply for and complete Product Transfers in hours and get in touch with our dedicated team of case managers and underwriters when extra support is needed.”
