LendInvest launches fee-free BTL options and product transfers

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LendInvest has expanded its buy-to-let range with the introduction of fee-free options for both new and existing borrowers.

The lender confirmed that new purchases and remortgages across a variety of property types will be available without product fees, while landlords reaching the end of their current deals will be able to access up-front fee-free product transfers.

The move is designed to give intermediaries more flexibility when supporting clients, whether they are acquiring property, refinancing or seeking to switch products. It follows recent updates to LendInvest’s mortgages portal, which the firm says has simplified the product transfer process.

Advisers can now view upcoming maturities, receive proactive notifications and submit a decision in principle in as few as 11 clicks.

Paula Mercer (pictured), director of sales at LendInvest, said: “LendInvest’s core mission has always been to make mortgages simple, and these enhancements to our buy-to-let range do just that.

“By eliminating product fees for new purchases and remortgages, we’re giving property investors the opportunity to maximise the earning potential on their investment.

“For borrowers coming up to the end of a loan, introducing up-front fee-free product transfers, combined with the recent updates to our mortgages portal, gives them the ability to seamlessly obtain a new line of financing that is affordable without having to sacrifice significant amounts of time.”

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