LendInvest Mortgages launches new Residential products starting from 5.49%

By Bridging Loan Directory 4th January 2024

LendInvest Mortgages, the UK’s leading platform for mortgages, has drastically reduced its residential rates as it looks to support first-time buyers, mixed income earners and credit-impaired homeowners with purchases and remortgages.

Its comprehensive mortgage range – designed to support customers who may not get a mortgage elsewhere – now starts from 5.49% after a 55bps reduction in rates.

With specialist products for Key Workers, Qualified Professionals and people who have experienced credit impairments, the new range is perfectly positioned to meet the needs of homebuyers after a year which saw mortgage arrears increase and inflation put a pressure on household incomes.

Paula Mercer, Head of Sales at LendInvest Mortgages, said:

“Our Residential Mortgages have always been designed with helping people either into the housing market for the first time, help them buy their new home after their circumstances change, and remortgage comfortably.

After a challenging year for homeowners and first-time buyers, we wanted to make sure we gave them the tools to realise their home owning ambitions.

Combined with the redesigned LendInvest Mortgages Portal, which helps brokers find essential information about their deals up to 5x faster, we’re excited to make people’s next remortgage or home purchase simple throughout 2024.”