LendInvest unveils new pay rate products

Published on

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.”

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

FCA joins industry partners to tackle protection insurance gap

The Financial Conduct Authority is working with industry, government and consumer groups in an...

Family Building Society appoints Laura Hamp as chief financial officer

Family Building Society has appointed Laura Hamp as chief financial officer and a member...

Buy-to-let market reaches £311.6bn as sector marks 30 years

The UK buy-to-let market has grown to almost two million outstanding mortgages worth £311.6bn,...

Conveyancing Association names Nick Chadbourne as new chair

The Conveyancing Association has appointed former LMS chief executive Nick Chadbourne as its new...

Rely launches limited edition buy-to-let range with rates from 2.85%

Rely has introduced a limited edition buy-to-let range with rates starting at 2.85% and...

Latest publication

Other news

FCA joins industry partners to tackle protection insurance gap

The Financial Conduct Authority is working with industry, government and consumer groups in an...

Family Building Society appoints Laura Hamp as chief financial officer

Family Building Society has appointed Laura Hamp as chief financial officer and a member...

Buy-to-let market reaches £311.6bn as sector marks 30 years

The UK buy-to-let market has grown to almost two million outstanding mortgages worth £311.6bn,...