EXCLUSIVE: LendInvest cuts five-year residential rates and launches cashback incentive

LendInvest Mortgages has announced a 0.10% rate cut across all of its five-year fixed rate residential mortgages. 

The lender is also introducing a cashback incentive of £400 across its entire residential product range.

LendInvest's lowest rates for a five-year term residential mortgage now start at 5.19%.

The latest reductions follow cuts of up to 0.15% across its residential and buy-to-let ranges in February.

Paula Mercer (pictured), director of sales at LendInvest, said: "At LendInvest, we can appreciate all of the added costs when buying or remortgaging a home. As the cost of everyday living seems to be always rising, we’re thrilled to offer up to £400 cashback.

This cashback incentive, along with a 10bps reduction on all of our five-year fixed term residential mortgages, will empower and enable brokers to support their clients who may no longer fit the traditional mould of high street lending."