LendInvest Mortgages has cut rates by 10 basis points (bps) across its 2 and 5-year fixed rate buy-to-let (BTL) products, with the lender's lowest rates now starting at 3.74%.
The reductions follow LendInvest's recent launch of a suite of semi-commercial BTL products, which allow professional property investors to further diversify their portfolios through mixed-use properties.
Rod McPherson, head of distribution at LendInvest, says the cut is designed to give brokers and their clients more flexibility. "We're really pleased to give our brokers and their clients some extra financial headroom with this 10bps rate cut," he explained.
"As the UK property market finds its stride and continues to stabilise, we intend to keep looking for these opportunities to cut our rates even further."
"At LendInvest, we've always supported brokers and their property investor clients, and for us, that means expanding horizons," he added..
"Our new semi-commercial line of BTL products and our approach to funding prove that financing complex properties doesn't have to mean dealing with complex hurdles. We've built a solution that makes it easier than ever for professional landlords to diversify their portfolios."
