It’s great news for landlords looking to expand their property portfolio or simply get a better deal on their existing mortgages. LendInvest, a popular name in the buy-to-let lending world, has just announced a new range of lower interest rates, starting from a super-competitive 4.99%.
What’s the Deal?
LendInvest has slashed rates on selected 5-year mortgages by up to 0.10%, meaning you could be paying less each month on your mortgage payments. This follows a similar rate reduction they made back in June.
Why This Matters for You
Lower interest rates mean more money in your pocket. This could be used to:
- Fund improvements to your properties: Boost your rental income by making your properties more appealing to tenants.
- Cover unexpected costs: Life can throw curveballs, and having extra cash flow can be a lifesaver.
- Boost your investment returns: More money to invest in new properties and grow your portfolio.
What’s Next?
If you’re a landlord or thinking about becoming one, it’s a good time to speak to a mortgage broker or visit LendInvest’s website to see if these new rates could save you money.
Key Facts:
- Lowest rate: 4.99%
- Mortgage term: 5 years
- Who benefits: Landlords looking for lower interest rates on their buy-to-let mortgages.