LendInvest has increased its maximum loan size to £750,000 on its five year fixed rate buy-to-let mortgage products.
It will also now contribute towards the legal fees on these products.
Tthe ICRis being calculated at the product pay rate of 3.6%.
On standard residential loans, borrowers are now offered a reduced valuation fee of £150, along with free title insurance. Free title insurance is extended to HMO refinance cases, which are accepted on properties with up to 15 rooms.
LendInvest will pay a contribution toward the borrowers legal fees for its five year fixed rate products at 75% LTV up to a maximum of £850 for a limited time only. This figure increases to £1000 for repeat borrowers.
Ian Boden (pictured), sales director at LendInvest, said: “We listen closely to our customers and the market when it comes to delivering the best offering for our borrowers. Access to capital is crucial when a landlord is growing their property portfolio – these product changes provide a significant reduction in the upfront cost our customers face when acquiring finance.”
