LendInvest cuts buy-to-let rates

LendInvest has reduced its buy-to-let rates by up to 0.80%, like a number of lenders at the start of the year.

Following the rate cuts 2-year fixed rates start at 3.79%, which comes with a 7% product fee. Other options are a rate of 4.54% with a 5% fee, 5.09% with a 4% fee, or 5.64% with a 3% fee.

Sophie Mitchell-Charman, commercial director at LendInvest, said: “Our brokers are telling us just how ambitious landlords are, and they want to spend 2024 expanding their portfolios.

“This new range is designed to help them make up for lost time, with cheaper products, powered by our market-leading technology and delivered by our experts.”

LendInvest offers buy-to-let mortgages of up to £1.5 million for large HMOs and MUFBs.

Mitchell-Charman added: “We really want to make 2024 the year of backing Buy-to-Let landlords to get the right deals, when they need them.”