UK: New Buy-to-let range being launched by LendInvest

LendInvest, the specialist lender who traditionally focused on the development and bridging loans, is launching a variety of buy-to-let (BTL) loans targeting professional landlords and investors.

LendInvest states that these loans will be “competitively priced”, with rates starting from 3.69% for a two-year fixed loan at 60% LTV. The mortgages will come in three different fixed lengths; two, three and five years. Loan amounts will range from £50,000 and £5million and will offer a maximum LVR of 80%.

Brokers will have access to these loans via the LendInvest online platform and will be assigned a case manager who will be available to provide additional support. LendInvest hopes that this new process will: “help alleviate many of the pain points in the typical BTL process that will be familiar to brokers.” With 39% of BTL mortgage holders organising their most recent BTL through a IFA or broker, according to RFi Group research, ensuring the broker onboarding process is smooth could prove a valuable differentiator for LendInvest.


 

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