One of the UK’s best known platforms for mortgages has significantly reduced its Buy To Let rates.
Starting from 3.79 per cent, LendInvest says its new range is designed to meet the ambitions of landlords after a year where many pressed pause in the market.
Along with specialist support for complex BTLs with up to £1.5m loans for Large HMOs and MUFBs, LendInvest Mortgages offers specialist support for portfolio and Limited Company landlords.
Sophie Mitchell-Charman, commercial director at LendInvest, says: “Our brokers are telling us just how ambitious landlords are, and they want to spend 2024 expanding their portfolios. This new range is designed to help them make up for lost time, with cheaper products, powered by our market-leading technology and delivered by our experts.”
LendInvest Mortgages is soon launching a BTL Portal, which it has launched with a small group of brokers before it expands into the wider market later this month. It says this will make applications faster for brokers, give them more certainty and more visibility of all of their deals.
Mitchell-Charman adds: “We really want to make 2024 the year of backing BTL landlords to get the right deals, when they need them. Our new portal will give brokers the tools to make their lives simpler, as well as their customers.”
Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions.
If any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals, then the post may be deleted and the individual immediately banned from posting in future.
Please help us by reporting comments you consider to be unduly offensive so we can review and take action if necessary. Thank you.
New data from UK Finance, the mortgage lenders’ trade body, throws...
There’s been a dramatic short-term improvement in the number of mortgage...
Independent mortgage sector monitor Moneyfacts says the choice for landlords wanting...
Landlords are being insulated from the worst effects of interest rate...
The vast majority of tenants are unaware of new laws introduced...
Despite the recent tax crackdown, buy-to-let continues to look an attractive...
The property market had enjoyed a boost thanks to the outcome...
There wasn’t much by way of good news in the Spring...
National Landlord Investment Show has announced that the former Leader of...
Twenty twenty-four is a pivotal year for landlords in the Private...
The management of BTL properties, whether it's a modest collection of...
We are thrilled to report that the first National Landlord Investment...
If interest rate rises weren’t enough to drive landlords out the...
Landlords play a crucial role in providing safe and comfortable housing...
.jpg)
Calling all landlords, Investors and property professionals: National Landlord Investment Show...
A recent survey by digital mortgage lender, Molo, revealed that nearly...
In the buy to let market, success goes beyond the transaction...
Mohammed Sharaz, a landlord from Bradford, recently seized an opportunity to...
We believe a well-functioning housing system is one that meets everyone’s...
It’s not just the weather that’s wet and dreary – the...
As the ‘big buy-to-let’ sell off gathers momentum, we take a...
The challenges facing the property market right now are well reported;...
If you are a landlord looking for the silver lining in...
This year is set to bring sweeping rental reforms that will...
A council has prosecuted a landlord for letting out two HMOs...
The Labour-led government in Wales has issued a consultation proposing the...
Another council is looking for landlords with rental properties to match...
Another council is looking for landlords with rental properties to match...
.png)
Landlords and renters’ activists are at either end of the spectrum...
A prominent lettings sector expert is blaming the media for anti-landlord...
Who are you and what does it say on...
Who are you, and what does it say on...
Who are you? I am the Head of Broking for...
Join the conversation
Jump to latest comment and add your reply
I’ll have 2 please!
Reinstate comments on the Acorn and Ben Beadle article or are we living in a dictatorship? 🤔
The refusal to accept comments on the Acorn/Ben Beadle issue is utterly and completely shameful cowardice that simply reinforces the continued erosion of free speech.
Ridiculous that no comments are allowed on that article. Also why did Ben not challenge all the other accusations thrown out there? Made up number, unverified claims etc.
Shameful of the NRLA to make it all about The Beadle and not Landlords.
Terrible comments are turned off.
Outrageous to disable all comments.. Libellous or foul mouthed? OK, ban that comment.. Otherwise LTD, bye..
What’s the arrangement fee for the 3.79%? Saw a rate similar recently and it was for 2 years fixed and a 7% arrangement fee. In real terms it was over 7% PA!!
Graham, exactly my question regarding the arrangement fees. Providing interest rates on its own is a suspect. With high fees, they grab the money upfront. Also here, these landers are talking about lending to huge portfolio LLs. I had an offer from a lender, who would lend me £1.5m under 60% ltv of the portfolio. I had well over £2m outstanding loans at the time. I had asked for a mortgage on one property only. The fixed interest rate for 5 years was higher than my other mortgages, high upfront fees and no allowance of paying up to 10% each year. They wanted to ensure they get certain income from me by providing me with fixed interest for 5 years. They said they could not verify the valuation of the properties and they wanted fixed amount of income. I really thought it was a joke, but that bank was serious. I told them I am not taking out a loan to ensure your income. I shall have no problem getting one loan elsewhere.
How much did lendinvest pay for their advertorial?
When I worked in publishing you used to have to state clearly if an article was paid for - if this isn’t a paid for advert then it’s at best, poor journalism. No market analysis, no looking into the detail of the headline rates, no comparisons with other providers, no examples of how this would compare over the fixed term with products that would have lower fees.
Agree with comments above, however, for some Landlord's this could be a life line at the moment and hopefully will encourage other lenders to cut their rates. Lesson for Government that competition is healthy.
It is too early for me to consider this, however once I have sold 3 properties and paid down some mortgage debt I may look at the offers to see if refinancing is the best option.
Overall, the market now only really favours mortgage free Landlord's or very tiny mortgages due to the very unfair section 24 tax killer policy!
Shame on Landlord Today for disabling comments on the Acorn thing.... It makes you wonder who they represent in real terms. Maybe it's time to find another platform?
Judging by the fact I've never been banned, despite my best efforts, and some of the comments on this website are absolutely despicable, it must have been a particularly awful comments section.
My Question is not about personalities but if The NRLA did not have a Campaign to keep Section 21 the very foundation of all the Private Rented Sector why didn’t they.
The reason we join a Landlord Association is to represent us and not sit on the sidelines while our Business goes down the pan.
This is Ridiculous since we are the main players and own the Business but every outside group with no input calls all the shots and get Laws changed to suit themselves, if it wasn’t so serious we would bust our sides with laughter.
We need a new Legal organisation to represent 3M landlords.
If we all put in £10 a year, that's £30m. This would be a significant sum to defend our interests and legally take on those organisations that are misrepresenting us, tenants who are abusing the power given to them by local and central government, and direct legal class A action against local Councils and Councillors who are corrupt.
Well said, Michaal. Perhaps they could have a website where criticis was allowed?
i'm sitting on my renewal invoice for Eastern Landlords Assoc as they don't seem to be doing much for their 70 pounds a year, someone put together a proper organisation to represent us and I'll join
I'd join too, Andrew.
I joined a N Wales landlord group some years ago and never heard from them again!!
I think ‘times up’ for the ‘rot at the top’ of the NRLA. The entire board & CEO urgently need to be voted out by the membership and replaced with the best minds and defenders our industry can offer. There must be a huge number of frustrated members. I believe they have an AGM where membership votes can be expressed.
At 100k members it’s still pitifully small but better perhaps than starting from zilch.
Please login to comment