LendInvest reduces residential and buy-to-let rates

LendInvest Mortgages has announced rate reductions across its core residential and buy-to-let mortgage products. 

The lender has reduced rates by 10 basis points on its core residential products, building on recent reductions to its limited edition remortgage products. These products cater to a range of borrowers, including those who may not fit traditional High Street lending criteria, such as self-employed individuals (including those with only one year of accounts), clients with less-than-perfect credit histories, those with unusual or multiple income streams, and key workers and young professionals.

LendInvest’s residential products include interest-only options and are available up to 90% LTV.

LendInvest has also announced a 15 basis point reduction on its five and seven-year fixed rate buy-to-let loans. In addition, the lender has introduced new five-year fixed rate products at 70% LTV. 

Sophie Kettle, commercial director at LendInvest, said: “These rate reductions across both our residential and buy-to-let product ranges demonstrate LendInvest’s commitment to providing competitive and flexible mortgage solutions.

"As a company we understand that borrowers’ needs are diverse, and we strive to offer products that cater to a wide range of circumstances, from first-time homebuyers to experienced property investors.”