LendInvest announces new BTL products as it re-enters sector Mortgage Finance Gazette

Img

LendInvest has re-entered the buy-to-let (BTL) market by introducing new products for landlords.

The company has launched five-year ​​fixed rate deals from 5.89% up to 75% loan-to-value (LTV).

These are available for limited company applications, house in multiple occupation (HMO) up to six bedrooms and multi-unit freehold blocks (MUFBs) up to six units.

John Charcol mortgage technical manager Nicholas Mendes says: “It’s fantastic to see LendInvest back in the mix again.

“We now starting to see the benefit of a settled market and fixed rates reducing albeit with higher arrangement fees.

“The key thing is we are starting to see remortgaging BTL cases a possibility rather than defaulting to a product transfer.”