LendInvest makes buy-to-let rate reductions

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LendInvest has launched a new buy-to-let range.

New rates start from 5.54%, funded through its new £500 million partnership with Chetwood Financial.

This new range features a 40bps drop on its tracker products to complement its new, wider and reduced fixed-rate products.

Supporting up to 75% LTV, the new rates will be powered by a new technology platform.

Sophie Mitchell-Charman (pictured), commercial director at LendInvest, said: “This new range is about us meeting the ambition our brokers and customers tell us they have but the market is not meeting. We hope that this shows confidence in the market that empowers landlords to go and meet the record high rental demand that is out there.

“Our buy-to-let team has been working hard on this new range to ensure everything is ready from an operational point of view to make every enquiry, application and offer simple, and we look forward to seeing that come to fruition.”

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