LendInvest raises maximum loan size for MUFB properties to £3 million and reduces ICR for basic rate taxpayers

London, 11 August 2020 – LendInvest, the UK’s leading platform for property finance, has made a series of changes to its Buy-to-Let product suite. 

LendInvest has increased its maximum loan size for MUFB properties up to £1 million for 70% LTV, £1.5 million up to 65% LTV and will now accept up to £3 million up to 60% LTV. 

The lender has also reduced its ICR to 125% at 4% for basic rate taxpayers on their five year pay rate product enabling landlords greater leverage for lower yielding properties. 

LendInvest recently announced a series of Summer Special offers, which will run to the 31 of August 2020. 

The current offering lists its two year fixed 75% LTV product at a rate of 3.49%, with a maximum loan size of £750,000. The offer extends to the lender’s five year fixed mortgages, with its 70% LTV product available at a rate of 3.69% and 75% LTV product available at 3.59%, or 3.69% with a 4% ICR. 

Andy Virgo, Director for Buy-to-Let at LendInvest, said: “We are consistently listening to our broker partners and monitoring the market post lockdown to ensure we are responding effectively to what landlords need to keep their business moving forward in a somewhat unique environment. The time is right to make these changes, and is the start of further enhancements to our proposition through the rest of the year.”

To view the full updated product range, visit the LendInvest Product Guide.