LendInvest Mortgages has cut rates across its BTL products and increased its maximum loan size on large HMOs and MUFBs.
All two-year fixed-term loans will be reduced by 10bps, with the lowest rate now at 3.14%, the lender’s lowest rate of 2025.
Additionally, the company is reducing five-year fixed product by 5bps for standard properties, small HMOs, and MUFBs, as well as holiday lets.
For large HMOs (seven to 15 rooms) and MUFBs, LendInvest has reduced rates by 10bps, and has increased the maximum loan amount to £1.5m from £1m at 75% LTV.
These rate cuts apply to new business, product transfers and bridge-to-let financing.
Paula Mercer, sales director at LendInvest (pictured above), said: “All of us at LendInvest are committed to supporting brokers and their property investor clients.
“The fact is that affordability is key for customers, and we will always provide options that enable landlords to take on and complete projects.
“We always strive to ensure that our products make affordability just a bit easier, as well as making sure our process is as efficient as possible.
“We’re delighted to be able to reduce our BTL rates, including our two-year rate at its lowest this year.”
