LendInvest has launched a buy-to-let loan product targeted at experienced, professional property investors and landlords operating in England, Wales and Scotland.
LendInvest buy-to-let loans are available for amounts between £50,000 and £5 million, and on terms of up to 30 years. A maximum loan-to-value of 80% applies.
The loans are available via intermediaries and include two, three and five-year fixed rate products. Loans are available for professional individuals and limited companies.
Ian Boden (pictured), sales director at LendInvest, said: “Today we’re bringing to market a buy-to-let product that has been created to counter the complaints and concerns we hear from brokers about the quality and accessibility of buy-to-let loans currently on offer. Our online proposal system has been specially designed to be highly efficient, quick and easy to navigate, and lets brokers dip in and out of their clients’ applications at times that suit them.
“Combining these benefits with highly competitive rates, we’re confident LendInvest buy-to-let loans will fast become a commonplace feature of the specialist lending market.”
Ian Thomas, co-founder and chief investment officer at LendInvest, added: “Following a successful pilot phase, we are very pleased to launch our buy-to-let product into England, Wales and Scotland. This launch is a natural next step for LendInvest, taking us into the longer duration specialist lending space for the first time.
“Offering buy-to-let loans is a critical strategic step that not only serves to address a continuing funding shortage, but takes us closer to our long-term ambition of becoming a leading whole-of-market mortgage lender.”