LendInvest has created an option for its BTL products with no product fees, in addition to launching a range of up-front fee-free product transfer options.
The former will apply to both purchases and remortgages across a range of property types.
LendInvest product repayments are interest only and these will not change as a result.
Borrowers will continue to pay the initial rate, with no product fee added to the loan.
“By eliminating product fees for new purchases and remortgages, we’re giving property investors the opportunity to maximise the earning potential on their investment,” said Paula Mercer, director of sales at LendInvest.
“For borrowers coming up to the end of a loan, introducing up-front fee-free product transfers, combined with the recent updates to our Mortgages Portal, gives them the ability to seamlessly obtain a new line of financing that is affordable without having to sacrifice significant amounts of time.”
