LendInvest Mortgages cuts buy-to-let rates by 80bps

By Bridging Loan Directory 3rd January 2024

LendInvest Mortgages, the UK’s leading platform for mortgages, has significantly reduced its Buy-to-Let rates as it looks to back landlords in the New Year.

Starting from 3.79% 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 Buy-to-Lets with up to £1.5 million loans for Large HMOs and MUFBs, LendInvest Mortgages offers specialist support for portfolio and Ltd Company landlords.

Sophie Mitchell-Charman, Commercial Director at LendInvest, said:

“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.”

This comes as LendInvest Mortgages puts the finishing touches to its new Buy-to-Let Portal, which it has launched with a small group of brokers before it expands into the wider market later this month.

Using the same technology boasted by its Bridging and Residential ranges, this next step in mortgage applications will make applications faster for Buy-to-Let brokers, give them more certainty and more visibility of all of their deals.

Mitchell-Charman added:

“We really want to make 2024 the year of backing Buy-to-Let landlords to get the right deals, when they need them.

Our new Buy-to-Let portal will give brokers the tools to make their lives simpler, as well as their customers’.”