LendInvest launches 'EPiC' range for green properties - Mortgage Introducer

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The EPiC range affects each area of the LendInvest buy-to-let suite, offering reduced rates for standard properties, houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs) and holiday lets.

Rates start at 2.65% for standard properties, 2.91% for small HMOs, and 3.49% for large HMOs, MUFBs and holiday lets.

LendInvest will offer a further 10bps reduction for borrowers transitioning from one of its bridge or development products if the property also meets the relevant green criteria.

The lender has also launched a 7-year fixed rate product, starting at 2.88% for 70% loan-to-value (LTV) within the lender’s EPiC range.

Andy Virgo, sales director at LendInvest, said: “The launch of this product range is just the next step in the business’ strategy to reward and support borrowers who take their environmental responsibility seriously.

“As a lender that has offered green initiatives for a number of years now, we hope to broaden this offering in the future, as we continuously seek to work with funding partners that share our ethos.”