LendInvest has cut rates on its BTL products by up to 20bps to their lowest point this year.
All two-year fixed-rate mortgages have been cut by 20bps, with rates now starting from 3.34%.
Rates have been cut by 15bps on five-year fixed-rate mortgages, which now start from 4.54%.
A 5bps reduction has been made to seven-year fixed-rate BTL products.
Elsewhere, LendInvest has cut rates on its product transfer product range by 10bps and 5bps for two- and five-year term products, respectively.
“This rate reduction across our BTL range, our lowest rates this year, demonstrates our ongoing support for the property investment market,” said Paula Mercer, director of sales at LendInvest.
“We can appreciate that modern landlords need digital solutions to complex situations, and that’s why we are continuing to improve our product transfer process within our mortgages portal.
“Through the use of AVMs where applicable and light touch underwriting, we’re seeing cases complete in as little as 24 hours, saving investors time and money."
