Lendinvest ups max loan size | Mortgage Strategy

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Lendinvest has increase the maximum loan size it will offer for multi-unit freehold blocks.

Clients with MUFBs will now be able to borrow up to £3m at 60 per cent LTV, £1.5m at 65 per cent LTV, and £1m at 70 per cent LTV.

As well as this, the interest cover ratio for landlords after a pay rate product has been cut to 125 per cent at 4 per cent for taxpayers on the basic rate.

In a note, the specialist lender reminds brokers that this is the final month of its buy-to-let supper special deals, which includes a 75 per cent LTV two-year fix at 3.49 per cent and a 75 per cent LTV five-year fix at 3.59 per cent.


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