LendInvest expands residential remortgage and interest-only ranges

LendInvest Mortgages has launched new residential mortgage products, aiming to provide greater flexibility and support for a wider range of clients.

The new offerings include a range of limited edition residential remortgage products. Borrowers can now benefit from no product fees on Tier 3 and 4 loans, reduced rates on Tier 0-2 fee-free products, and new five-year fixed rates at 65% and 75% LTV with a £1995 product fee.

LendInvest has also introduced new interest-only options at 70% LTV and 75% LTV for part-and-part mortgages.

In addition, LendInvest has increased the maximum LTV to 75% on small multi-unit freehold blocks (MUFBs) across its buy-to-let range.

Sophie Kettle, commercial director at LendInvest, said: "LendInvest recognises that not all home-buyers fit the traditional mould for High Street lending, and that’s why we’re delighted to make available this limited edition range of remortgage products. We understand that every borrower’s situation is unique and personal, and that’s why we believe that these product enhancements reflect our ongoing commitment to providing options that meet the evolving needs of brokers’ clients.

“We also know that property investors are always wanting to increase their investing and purchasing potential, and by increasing the maximum LTV on smaller MUFBs we are giving them a clear path to achieving their property goals.”