Lendinvest launches deals for first-time landlords | Mortgage Strategy

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Lendinvest has launched a new buy-to-let range, which includes standard properties up to 80 per cent loan-to-value, student lets and deals for first-time landlords

The upper loan limit is £500,000 when lending at 80 per cent LTV.

For lower LTVs the maximum is £1.5m on standard properties.

It will lend against multi-unit freehold blocks worth up to £3m at a maximum LTV of 75 per cent.

Lendinvest will consider houses of multiple occupation with up to six rooms let to students.

First-time landlords can also be considered.

Standard buy-to-let deals start from 2.99 per cent for a two-year fixed at 65 per cent LTV with a 1.5 per cent fee, or 3.39 per cent for a five-year fixed at the same LTV with the same fee.

At 80 per cent LTV a two-year fixed is 4.29 per cent with a 2 per cent fee.

Small HMO deals start from 3.39 per cent for a two-year fixed at 65 per cent LTV with a 1.5 per cent fee.

Rates for multi-unit freehold blocks start from 3.69 per cent with a 2 per cent fee at 60 per cent LTV.


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