LendInvest launches 10-year fixed rate BTL

Published on

LendInvest has launched a 10-year fixed rate product as it continues to refresh its buy-to-let offering.

The lender’s 10-year fixed standard rates start at 3.29%, with its EPiC range rates starting from 3.19%.

This product launch follows LendInvest’s launch of its seven-year fixed rate product towards the end of 2021, issued alongside the lender’s EPiC product range designed to incentivise borrowers by offering reduced rates and fees for environmentally friendly properties.

LendInvest has repriced its standard buy-to-let product range, “in line with current market conditions”. The current pipeline will be honoured, with current DIPs given ten days to proceed into a full application.

Andy Virgo, sales director at LendInvest, said: “Following the success of our seven-year fixed rate product back in October 2021, the development and launch of this 10-year fixed rate product was a natural progression for us as a lender.

“At LendInvest we innovate and tailor our products to suit our borrowers current needs, and at this time we understand certainty and stability is front of mind for our customers.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

‘Complex is the new vanilla’: Affordability reshapes market

Mortgage cases with one or two complications are becoming the new “vanilla” as affordability...

Vulnerability data can unlock commercial gains, says MorganAsh

Financial services firms could be overlooking commercial opportunities by treating customer vulnerability mainly as...

Asking prices rise for first time since May as autumn market picks up

The average asking price of newly listed homes rose by 0.7% in September, the...

Buy-to-let returns beat major asset classes over 30 years, Hamptons finds

UK buy-to-let has delivered total returns of 2,130% since the launch of the first...

£5m-plus mortgage numbers rise as wealthy buyers turn to borrowing

The number of residential mortgages worth £5 million or more rose last year as...

Latest publication

Other news

‘Complex is the new vanilla’: Affordability reshapes market

Mortgage cases with one or two complications are becoming the new “vanilla” as affordability...

Vulnerability data can unlock commercial gains, says MorganAsh

Financial services firms could be overlooking commercial opportunities by treating customer vulnerability mainly as...

Asking prices rise for first time since May as autumn market picks up

The average asking price of newly listed homes rose by 0.7% in September, the...