LendInvest has announced a round of rate cuts across its buy-to-let mortgage range, marking the lowest initial rates available from the specialist lender in over three years.

The fintech property lender has reduced its two-year fixed rates across all buy-to-let product types by 20 basis points. It has also lowered five-year and seven-year fixed rates on large HMO and multi-unit freehold block mortgages by the same margin.

A further reduction of 10 basis points applies to five-year and seven-year fixed products for standard properties, small HMOs, holiday lets and expat borrowers.

Following the changes, the lowest available rate now begins at 3.24% for a two-year fixed term. The adjustments also apply to product transfers.

The move comes as affordability pressures continue to dominate the landlord market, with investors increasingly focused on monthly outgoings as well as long-term viability.

Hugo Davies, 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.”