LendInvest has announced a 10 basis point reduction across its entire buy-to-let mortgage range, bringing its lowest two-year fixed rate to 3.44%.
The fintech lender, which specialises in alternative property finance, confirmed that the cut applies to all of its buy-to-let offerings, including Expats, Bridge-to-Let loans and Product Transfers.
In addition to the rate change, LendInvest will also contribute up to £500 towards legal fees for borrowers taking out a Bridge-to-Let loan.
Hugo Davies, chief capital officer and managing director for mortgages at LendInvest, said the changes reflect the lender’s ongoing commitment to affordability and broker support.
“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 buy-to-let rates by 10bps,” he said.
“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.”
The company said its Mortgages Portal remains central to its proposition for brokers, with real-time case updates, product transfer applications that can be completed in hours, and direct access to case managers and underwriters.
