Select Page

LendInvest has enhanced the maximum loan size on five-year-fixed rate buy-to-let products from £500,000 to £750,000.

The ICR has been calculated at the product pay rate of 3.6 per cent, according to the firm.

Also, the valuation fee has been reduced to £150 from £190, on standard residential loans, and free title insurance has been extended to HMO refinance cases on properties with up to 15 rooms.

LendInvest adds that on up to 75% LTV five-year-fixed, it will pay a maximum contribution of £850 towards legal fees – this figure increases to £1,000 for repeat borrowers.

Ian Boden, LendInvest sales director, says: “We listen closely to our customers and the market when it comes to delivering the best offering for our borrowers.

“Access to capital is crucial when a landlord is growing their property portfolio – these product changes provide a significant reduction in the upfront cost our customers face when acquiring finance.”

the HMO Mortgage Broker

the HMO Mortgage Broker

The details of financial products and services published on this site are for information purposes only and do not constitute financial advice. Please note that the lending products on this website include business buy to let products and not consumer but to let products and so no products displayed are regulated by the Financial Conduct Authority (FCA). Calls may be recorded for training and monitoring. Your property may be repossessed if you do not keep up repayments on your mortgage. theHMOmortgagebroker.co.uk is a direct introducer, working in partnership with the FCA, authorised companies only.

5/5
Verified
Customer
Feedback