LendInvest makes buy-to-let rate reductions

Published on

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.”

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

Japanese knotweed ‘knocks £21.4bn off UK housing market’

Japanese knotweed is wiping an estimated £21.4 billion from UK property values, with more...

Lifting and shifting to the cloud isn’t real transformation

As we gear up to spend time at the Building Societies Association Annual Conference...

Fleet Mortgages names new managing director

Fleet Mortgages has appointed Nicola Richardson as its new managing director. Richardson (pictured) has been...

The Monmouthshire goes live with Phoebus mortgage servicing system

Monmouthshire Building Society has gone live with Phoebus to support mortgage account servicing as...

NatWest completes first PEXA remortgage in two working days

NatWest has completed its first remortgage transaction through PEXA’s digital property completion platform within...

Latest publication

Other news

Japanese knotweed ‘knocks £21.4bn off UK housing market’

Japanese knotweed is wiping an estimated £21.4 billion from UK property values, with more...

Lifting and shifting to the cloud isn’t real transformation

As we gear up to spend time at the Building Societies Association Annual Conference...

Fleet Mortgages names new managing director

Fleet Mortgages has appointed Nicola Richardson as its new managing director. Richardson (pictured) has been...