EXCLUSIVE: LendInvest cuts five-year residential rates and launches cashback incentive
The lender has launched a £400 cashback incentive across its entire residential product range.
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."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Santander
Santander to acquire TSB in £2.65bn deal
Bank Of England
Bank of England issues first-of-its-kind fine of £11.9m
Regulation
Lenders urged to prepare for court ruling on commissions as motor finance complaints surge
Financial Conduct Authority
FCA moves ahead with targeted support in 'transformational' advice reforms
This week's biggest stories:
Santander
Santander to acquire TSB in £2.65bn deal
Bank Of England
Bank of England issues first-of-its-kind fine of £11.9m
Regulation
Lenders urged to prepare for court ruling on commissions as motor finance complaints surge
Financial Conduct Authority
FCA moves ahead with targeted support in 'transformational' advice reforms
Mortgages
FCA and PRA remove 15% LTI cap for mortgage lenders
GDP
August rate cut likely as GDP falls for second consecutive month
