LendInvest Mortgages cuts rates for homeowner customers by up to 25bps

By Bridging Loan Directory 25th April 2024

LendInvest Mortgages, the UK’s leading platform for mortgages,has cut rates across its Residential Mortgage suite as it goes further to support homebuyer customers who may struggle to get a mortgage on the high street.

The range now starts from rates as low as 5.74%, including reductions on its tracker products by up to 25bps, and reductions across all fixed rates by 15bps.

It has also introduced new, no-fee products to help homeowners with the upfront costs of their mortgage.

These changes are the first in an evolving proposition, strongly influenced by LendInvest’s broker partners, where it looks to constantly adapt based on broker feedback and what can better suit the needs of their customers.

LendInvest Mortgages’ residential range includes bespoke support and specialist products for people who have multiple sources of income, are self employed, key workers or have complex credit histories.

Paula Mercer, Head of Sales at LendInvest, said:

“These changes mark our next step in support of brokers and their customers who may be traditionally harder to place with a lender.

In the year since we launched Residential Mortgage products, we’ve seen lots of appetite and learned a lot from our brokers’ feedback so we can keep building a product range that meets the needs of borrowers who are underserved by the mainstream mortgage lenders.”