LendInvest Mortgages has unveiled new rate reductions and changes to its bridging product proposition.

The lender has reduced rates by up to 5bps for residential bridging loans up to £3 million, semi-commercial and commercial up to £1.5 million and development exit loans up to £1 million.

Its enhanced bridging range now offers up to 85% LTV with ‘low monitoring’ refurbishment finance, suitable for buy-to-let refurbishments, house flips, and auction purchases.

Sophie Mitchell-Charman, commercial director at LendInvest, said: “We are thrilled to cap off a week of major improvements across our entire product suite with these rate reductions for our bridging range.

“These changes in particular further our goal of providing simple, fast, and cost-effective bridging solutions for our customers.

“By carefully monitoring the market and expertly enhancing our product offerings, we are reinforcing our commitment to providing flexible, competitive, and efficient mortgage solutions.

“Whether it’s residential, buy-to-let, or bridging finance, LendInvest aims to be the first choice for customers who need innovative solutions to complex financing challenges.”