LendInvest cuts resi bridging rates

Jake Carter

May 14, 2021

mortgages rates

LendInvest has reduced rates across its entire residential bridging range.

Its 75% loan-to-value (LTV) product is now available at 0.75%, and its 70% LTV product is offered at 0.70%.

The lender has also dropped rates for its auction and bridge-to-let products, with the 75% LTV auction product now available at 0.75% and the 75% LTV bridge-to-let product offered at 0.75%.

Alongside these rate drops, new 65% LTV products for land and commercial deals have been introduced, with or without planning consent.

Justin Trowse, sales director at LendInvest, said: “To be in the position to implement such significant changes to our bridging suite is a great way for us to kick off the quarter.

“The team stays close to what’s going on in the market, and ensures we are listening to what our brokers and borrowers need as we ramp up business towards the Summer – these are no fire sales or limited specials, our rate cuts are here to stay across all of our bridging products.”

Sign up to our daily email