LendInvest cuts buy-to-let rates by 80bps

LendInvest Mortgages has reduced rates across its buy-to-let range by up to 0.80%.

With rates now starting from 3.79%, LendInvest says the new range is designed to meet the ambitions of landlords after a year where many pressed pause in the market.

Along with specialist support for complex buy-to-lets and loans up to £1.5 million for large HMOs and MUFBs, LendInvest Mortgages also offers specialist support for portfolio and limited company landlords.

This comes as LendInvest Mortgages puts the finishing touches to its new buy-to-let portal, which it has launched with a small group of brokers before it expands into the wider market later this month.

Using the same technology as its bridging and residential ranges, this next step will make applications faster for buy-to-let brokers, give them more certainty and visibility of all of their deals.

Sophie Mitchell-Charman, commercial director at LendInvest, said: “Our brokers are telling us just how ambitious landlords are, and they want to spend 2024 expanding their portfolios. This new range is designed to help them make up for lost time, with cheaper products, powered by our market-leading technology and delivered by our experts.

“We really want to make 2024 the year of backing buy-to-let landlords to get the right deals, when they need them. Our new buy-to-let portal will give brokers the tools to make their lives simpler, as well as their customers’.”