LendInvest Mortgages cuts rates for homeowner customers by up to 25bps
London, 25 April 2024 – – LendInvest Mortgages, the UK’s leading platform for mortgages, has cut rates across its Residential Mortgage suite as it goes further to support homebuyer customers who may struggle to get a mortgage on the high street.
The range now starts from rates as low as 5.74%, including reductions on its tracker products by up to 25bps, and reductions across all fixed rates by 15bps.
It has also introduced new, no-fee products to help homeowners with the upfront costs of their mortgage.
These changes are the first in an evolving proposition, strongly influenced by LendInvest’s broker partners, where it looks to constantly adapt based on broker feedback and what can better suit the needs of their customers.
LendInvest Mortgages’ residential range includes bespoke support and specialist products for people who have multiple sources of income, are self employed, key workers or have complex credit histories.
Paula Mercer, Head of Sales at LendInvest, said: “These changes mark our next step in support of brokers and their customers who may be traditionally harder to place with a lender.
“In the year since we launched Residential Mortgage products, we’ve seen lots of appetite and learned a lot from our brokers’ feedback so we can keep building a product range that meets the needs of borrowers who are underserved by the mainstream mortgage lenders.”
About LendInvest
LendInvest is the UK’s leading platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.
Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages. The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.