LendInvest

LendInvest ups max loan size on five-year fixed BTL product




LendInvest has increased the maximum loan size on its five-year fixed rate BTL product to £750,000.

The ICR on the specialist lender’s five-year product is calculated at the product pay rate of 3.6%.

For a limited time, it will contribute toward the borrower’s legal fees on this product at 75% LTV, up to a maximum of £850.

This figure will increase to £1,000 for repeat borrowers.

LendInvest is also offering borrowers a reduced valuation fee of £150, along with free title insurance, on its standard residential loans.

The specialist lender is extending free title insurance to HMO refinance cases, which are accepted on properties with up to 15 rooms.

Ian Boden, sales director at LendInvest (pictured above), said: “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.”

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