LendInvest reduces buy-to-let rates

LendInvest has launched a new buy-to-let range with rates starting from 5.54%.

The new range is funded through its new £500 million partnership with Chetwood Financial, announced last week.

The new range offers a 40bps drop on its tracker products to complement a wider range of reduced fixed rate products.

Available up to 75% LTV, the new rates will be powered by LendInvest's technology platform, which its team has spent the last six months improving with new features to deliver faster mortgages for brokers and their clients.

Sophie Mitchell-Charman, commercial director at LendInvest, said: “This new range is about us meeting the ambition our brokers and customers tell us they have but the market is not meeting. We hope that this shows confidence in the market that empowers landlords to go and meet the record high rental demand that is out there.

“Our buy-to-let team has been working hard on this new range to ensure everything is ready from an operational point of view to make every enquiry, application and offer simple, and we look forward to seeing that come to fruition.”