LandInvest cuts BTL mortgage rates

LendInvest has reduced rates on a number of its buy-to-let mortgage deals.

The specialist lender has introduced a two-year fixed rate at 2.99% up to 75% loan-to-value (LTV), while buy-to-let investors with a 20% deposit can access a two-year fix at a borrowing rate of 3.69%.

These rates are available to portfolio landlords, limited companies and individuals for a limited time only.

LendInvest has also reduced the valuation fee on remortgages up to £300,000 to just £100, provided the property is valued at less than £500,000.

For a limited period the lender is also offering free title insurance on these remortgages.

Ian Boden, sales director at LendInvest, commented: “In the five months since launch, our buy-to-let product has gained impressive momentum, allowing us to step back and regularly evaluate our product offering.

“At LendInvest we are constantly listening to the brokers we work with and re-assessing how we can adapt and evolve our proposition to best suit our borrowers. These changes are not only huge cost saving initiatives, but also dramatically cut down the time taken to deliver our loans.”

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