LendInvest unveils new pay rate products

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LendInvest has made a number of changes to its buy-to-let offering, including the launch of new pay rate products; and a repricing of its standard buy-to-let range and small HMOs.

The platform has introduced two new 65% and 70% LTV pay rate products, with rates starting at 3.34%.

LendInvest has repriced its standard buy-to-let products, with its five year 75% LTV product now available at 3.39% and 75% pay rate product at 3.44%. The two year fixed rate products start from 2.99%.

It has also made a range of reductions across its Small HMO range, including dropping its five year 75% LTV product to 3.64%.

Borrowers are eligible for a reduced £150 valuation fee on standard properties.

Andy Virgo (pictured), sales director at LendInvest, said: “We are very fortunate to have the ability to remain fluid with our proposition and continue to adapt our offering to serve the evolving needs of our landlords.

“These changes are aimed at bolstering our most popular products, while simplifying our range to make sense for our customers.”

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