LendInvest Cut 5 and 7-year buy-to-let loans by 20bps
LendInvest Mortgages (LSE: LINV), a UK-based fintech company specialising in alternative lending, has announced today a reduction of 20 basis points (bps) on its 5 and 7-year fixed term buy-to-let products (BTL).
The rate reduction covers the entire suite of 5 and 7-year BTLs along with bridge-to-let products, which give property investors the ability to know their BTL exit while securing a bridging loan.
The rate reduction follows the lender’s recent upgrades to its mortgages portal which allow for easier product transfers saving brokers time and saving clients money on their BTL investments.
LendInvest’s buy-to-let mortgage options extend up to 80% loan-to-value and incorporate Open Banking for a smoother application journey. Clients also benefit from readily available, seasoned underwriters and case managers for expert guidance and support.
Powered by technology, the lender’s award-nominated mortgages portal offers instant, credit-backed DIPs, accelerated underwriting and updates in real time.
Commenting on the rate cut, Paula Mercer, director of sales at LendInvest, says: “At LendInvest, we’re dedicated to equipping our clients with sharp rates and adaptable solutions, empowering their property investment ambitions. This rate adjustment on our 5 and 7-year underscores our commitment to bolstering the BTL sector and offering landlords appealing funding choices, no matter the size of their portfolio.
“We can also appreciate that today’s modern property investor is looking to save time and money, and that’s why we have revamped and updated our Product Transfer process, allowing a seamless transition from an existing BTL product to a new one.
While we accelerate our commitment to a digital BTL experience, we do know that property deals can get complicated, so we make sure that brokers have direct access to our dedicated teams of business development managers, underwriters, and case managers, who are always available to offer guidance and cut the complex on the intricacies of property finance.”