LendInvest launches 10 year fixed rate BTL product with rates from 3.19%
London, 24 February 2022 – LendInvest, the UK’s leading asset manager for property finance, has launched a 10 year fixed rate product to provide certainty and stability to borrowers as it refreshes BTL product suite.
The lender’s ten year fixed standard rates start at 3.29%, with its EPiC range rates starting from 3.19%.
This product launch follows LendInvest’s launch of its seven year fixed rate product towards the end of 2021, issued alongside the lender’s EPiC product range designed to incentivise borrowers by offering reduced rates and fees for environmentally friendly properties.
LendInvest has repriced its standard Buy-to-Let product range, in line with current market conditions. The current pipeline will be honoured, with current DIPs given ten days to proceed into a full application.
To access the full updated range, visit the LendInvest Product Guide.
Andy Virgo, Sales Director at LendInvest, said: “Following the success of our 7 year fixed rate product back in October 2021, the development and launch of this 10 year fixed rate product was a natural progression for us as a lender. At LendInvest we innovate and tailor our products to suit our borrowers current needs, and at this time we understand certainty and stability is front of mind for our customers.”
For more information on LendInvest’s products and services, please visit our intermediaries page.
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.