LendInvest has launched a semi-commercial proposition within its buy-to-let (BTL) lending product range.
The lender’s proposition will be across two- and five-year fixed rate terms, starting at 5.94% and available for individuals and corporations that meet its Tier 1 and Tier 2 borrower profiles.
Expats will also be considered, provided that a professional UK-based management agent is established and in place to look over the asset.
LendInvest head of distribution Rod McPherson says: “Everyone at LendInvest is incredibly proud to announce the formal expansion of our Buy-to-Let product suite to include semi-commercial lending. This strategic evolution of our offering is a direct response to the invaluable feedback we regularly receive from our network of trusted broker partners.”
Elsewhere, Aldermore has launched two five-year fixed rate limited edition products.
The latest products follow the introduction of two-year limited edition products earlier in June.
For individuals and companies with single residential investment properties, Aldermore has added a five-year fixed limited edition at 75% LTV with no fee at 5.94%.
And for multi property residential investment property portfolios, new customers will have access to a five-year fixed limited edition product at 75% LTV with no fee at 5.89%.
Aldermore director of mortgages Jon Cooper comments: “We’re committed to giving landlords a broad range of solutions to suit their different borrowing needs and portfolio ambitions. These latest limited edition products provide landlords with competitive zero fee options, and we’re always on the lookout for ways to offer more flexibility and enhanced choice.”