LendInvest has reduced its BTL mortgage rates by up to 80bps to further support landlords.
Pricing for the lender’s BTL product range now starts from 3.79%.
LendInvest’s BTL suite includes loans for complex properties, as well as for portfolio and limited company landlords — the firm offers up to £1.5m loans for large HMOs and MUFBs.
In addition, the specialist lender confirmed it is in the process of finalising its new BTL portal, which was initially launched with a small group of brokers before it will be released into the wider market later this month.
The new portal aims to make applications faster for BTL brokers, as well as offer more certainty and visibility for all deals.
Sophie Mitchell-Charman, commercial director at LendInvest (pictured above), 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 BTL landlords to get the right deals, when they need them — our new BTL portal will give brokers the tools to make their lives simpler, as well as their customers.”
