LendInvest Mortgages has announced updates to its buy-to-let (BTL) suite, including reduced rates and increased maximum loan sizes, as part of its ongoing commitment to providing competitive mortgage solutions for landlords.
The platform has reduced rates by up to 15 basis points across its BTL range, with rates now starting at 3.89%.
Additionally, landlords now have access to loans offering up to 80% loan-to-value (LTV) on 5-year products for both standard properties and small HMOs.
In response to investor demand, maximum loan sizes have been increased to £3m, and LendInvest has reintroduced Holiday Let products with new 2-year and 5-year fixed rates.
The changes also include enhanced terms for new build flats, aligning them with new build homes.
Sophie Mitchell-Charman, commercial director at LendInvest, commented on the updates: “We are delighted to introduce these significant updates to our buy-to-let product suite.
“These changes are designed to empower property investors with more options and better financial flexibility.
“By reducing rates and expanding our product range, we aim to support a wider array of investment strategies and help landlords achieve their property investment goals.”
The updates follow LendInvest’s recent introduction of a new product transfer process for BTL customers, which features a streamlined application process and dedicated underwriter support, without the need for legal involvement on pound-for-pound product transfers.
