LendInvest Mortgages has introduced a rate reduction across the entire suite of buy-to-let mortgage products.
The reductions represent the lowest initial rate on the lender’s range for three years.
LendInvest’s two-year fixed rates on all variations, and five-year fixed and seven -year fixed rates on large HMO/MUFB products will be cut by 20 basis points (bps).
Additionally, the lender is reducing all five-year fixed and seven-year fixed rates for standard property, small HMO/MUFB, holiday lets and ex-pat by 10pps. The reductions also apply to product transfers. The lowest rates now start at 3.24%
Commenting on the latest rate moves, LendInvest chief capital officer and managing director for mortgages Hugo Davies said: “Our commitment to helping brokers find solutions for their landlord clients continues. In today’s market, affordability remains key for customers and we continue to provide options for those customers, allowing them to complete their projects.
“That’s why we’re delighted to be able to cut all of our buy-to-let mortgage products by up to 20bps.”
