LendInvest lowers rates across residential mortgage range
LendInvest has reduced rates across its residential mortgage range and introduced a new 90 per cent loan-to-value (LTV) product.
The specialist mortgage lender said that its residential mortgage product now offers rates starting from 6.44 per cent, with reductions across the two-year and five-year fixed ranges.
It has also reintroduced its 90 per cent LTV for five-year fixed mortgages, which it said will support more customers with long term stability.
Read more: Is P2P property lending the new BTL?
LendInvest, which last month launched a new retail bond offering with an 11.5 per cent return, said that it continues to improve its offering for key workers, the self-employed and those with complex income streams and credit histories.
“Adjusting our product set to match the ever changing needs of homeowners and our brokers alike is of the highest priority for the team,” said Esther Morley, managing director of residential mortgages at LendInvest.
“We are delighted to be releasing these new and improved updates for our residential mortgage range, and improving the process by which you apply for and secure a mortgage with us.”
Read more: LendInvest unveils new BTL range with “bold reductions”
LendInvest has funded over £3bn of short term, development and buy to let mortgages to date. Its funders and investors include HSBC, Citigroup and NAB, and, in 2019, it was the first fintech to securitise a portfolio of BTL mortgages. It also offers retail bonds which are listed on the London Stock Exchange, which are open to high-net-worth and sophisticated investors.
In August, LendInvest partnered with Legal and General to offer residential mortgages for the first time, having already offered buy-to-let and bridging mortgage products via the partnership.