LendInvest Mortgages has announced rate reductions across parts of its buy-to-let range alongside an increase in maximum loan sizes for larger HMO and multi-unit borrowers.

The specialist lender said all two-year fixed term loans will fall by 10 basis points, taking its lowest rate to 3.14% – the cheapest it has offered this year.

Five-year fixed rates for standard properties, small HMOs and MUFBs, as well as holiday lets, have been cut by five basis points.

For large HMOs with between seven and 15 rooms and for multi-unit freehold blocks, rates have been reduced by 10 basis points. The maximum loan size on these products has also been lifted from £1 million to £1.5 million at 75% loan-to-value.

The rate cuts apply to new business, product transfers and LendInvest’s Bridge-to-Let offering, which allows borrowers to secure a buy-to-let mortgage while arranging bridging finance, giving property investors a clearer path from refurbishment to long-term funding.

Paula Mercer, sales director at LendInvest, said: “All of us at LendInvest are committed to supporting brokers and their property investor clients.

“The fact is that affordability is key for customers, and we will always provide options that enable landlords to take on and complete projects.

“We always strive to ensure that our products make affordability just a bit easier, as well as making sure our process is as efficient as possible.

“We’re delighted to be able to reduce our buy-to-let rates, including our two-year rate at its lowest this year.”