LendInvest has made changes to its buy-to-let offering with rate reductions and a new five-year fixed rate product.
The lending platform has reduced rates across its two year fixed rate products. Its 70% LTV two-year fixed rate is now be available at 3.19%, and its 75% LTV product at 3.29%.
The lender has also introduced a new five-year fixed rate product available for 3.54% at an LTV of 75%.
For individual and corporate landlords, rates have also been reduced to 3.64% for both 75% LTV products at 4% and 3.64% ICR, with a reduced fee on the latter.
Andy Virgo (pictured), sales director at LendInvest, said: “A close working relationship with our brokers and professional partners has allowed the team to ensure the product suite we have on offer reflects what our landlords need right now, and our risk appetite is positioned correctly.
“We are heading into the new year with a huge capacity to lend, and we have coupled these product updates with further adjustments to our criteria to reflect that.”