LendInvest launches 10-year fixed rate buy-to-let product
LendInvest has launched a 10-year fixed rate buy-to-let product.
"The development and launch of this 10-year fixed rate product was a natural progression for us as a lender."
The lender’s 10-year fixed standard rates start at 3.29%, with rates starting from 3.19% on its EPiC range which offers reduced rates and fees for environmentally friendly properties.
The new product follows the launch of LendInvest's seven-year fixed rate product towards the end of 2021, issued alongside its EPiC product range.
LendInvest has also repriced its standard buy-to-let product range, in line with current market conditions. The current pipeline will be honoured, with current DIPs given ten days to proceed into a full application.
Andy Virgo, sales director at LendInvest, said: “Following the success of our seven-year fixed rate product back in October 2021, the development and launch of this 10-year fixed rate product was a natural progression for us as a lender. At LendInvest we innovate and tailor our products to suit our borrowers current needs, and at this time we understand certainty and stability is front of mind for our customers.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
Bank Of England
Bank of England holds interest rates as inflation risks persist
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
This week's biggest stories:
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
Bank Of England
Bank of England holds interest rates as inflation risks persist
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
FCA
FCA confirms new incident reporting and third party rules
Review
Mortgage brokers risking £300,000 fine under new fake review laws