LendInvest Mortgages (LSE: LINV) has introduced rate reductions across its entire suite of buy-to-let mortgage products – with reductions resulting lender’s lowest initial buy-to-let rate in three years.
The lender’s 2-year fixed rates on all variations, and 5-year fixed and 7-year fixed rates on large house in multiple occupation (HMO) and multi-unit freehold block (MUFB) products will be cut by 0.20%.
Additionally, LendInvest is set to reduce all 5-year fixed and 7-year fixed rates for standard property, small HMO/MUFB, holiday lets and ex-pat by 0.10%.
The reductions also apply to product transfers.
The lowest rates now start at 3.24% for a 2-year fixed term.
Hugo Davies (pictured), chief capital officer and managing director for Mortgages at LendInvest, said: “Our commitment to helping brokers find solutions for their landlord clients continues. In today’s market, affordability remains key for customers and we continue to provide options for those customers, allowing them to complete their projects.
“That’s why we’re delighted to be able to cut all of our Buy-to-Let mortgage products by up to 20bps.
“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.”
