LendInvest has made a range of changes to its buy-to-let (BTL) suite, including the launch of new pay rate products and a repricing of its standard BTL range and small HMO’s.
LendInvest has introduced two new 65% and 70% loan-to-value (LTV) pay rate products, with rates starting at 3.34%.
The lender has repriced its standard buy-to-let products, with its 5-year 75% LTV product now available at 3.39% and 75% pay rate product at 3.44%. The 2-year fixed rate products start from 2.99%.
The lender has also made a range of reductions across its small HMO range, including dropping its 5-year 75% LTV product to 3.64%.
Borrowers are eligible for a reduced £150 valuation fee on standard properties.
Andy Virgo (pictured), sales director at LendInvest, said: “We are very fortunate to have the ability to remain fluid with our proposition and continue to adapt our offering to serve the evolving needs of our landlords.
“These changes are aimed at bolstering our most popular products, while simplifying our range to make sense for our customers.”