LendInvest Mortgages has lowered interest rates across its buy-to-let (BTL) mortgage product range.

All 2-year fixed term BTL mortgages are reduced by 20 basis point (bps) and a 15bps reduction on 5-year term BTL loans. There is also a 5bps reduction on 7-year fixed term BTL products.

The rates, starting from 3.34% for a 2-year term and 4.54% on a 5-year term loan, reflect the company’s lowest rates across its BTL range this year.

PT PRODUCT LINE TOO

LendInvest is also decreasing interest rates for its Product Transfer product line, with a 10 basis point (bps) reduction on 2-year term products and a 5bps reduction on 5-year term products.

These rate reductions accompany recent updates to the lender’s Mortgages Portal platform that streamlines the Product Transfer process through the use of Automatic Valuations (AVMs) where possible, as well as automated conduct checks on the existing mortgage that enable pre-populated product options.

Paula Mercer, Director of Sales at LendInvest, said: “At LendInvest, we are committed to providing competitive and attractive financing options for landlords, whether they be Limited company or have a small portfolio.

“This rate reduction across our Buy-to-Let range, our lowest rates this year, demonstrates our ongoing support for the property investment market.

“We can appreciate that modern landlords need digital solutions to complex situations, and that’s why we are continuing to improve our Product Transfer process within our Mortgages Portal. Through the use of AVMs where applicable and light touch underwriting, we’re seeing cases complete in as little as 24 hours, saving investors time and money”