LendInvest Mortgages has just unveiled a new promotion specifically designed for those looking to dip their toes into the buy-to-let waters for the first time. This initiative not only includes complimentary property evaluations for Small Houses in Multiple Occupation (HMOs) valued up to £500,000, but also introduces significant price reductions across their entire range of buy-to-let mortgage options. With these latest moves, LendInvest is keen to continue the growth it has seen in its buy-to-let sector since the start of the year.
Recognising the challenges and opportunities that come with stepping into the world of property investment, LendInvest’s latest offer aims to make the journey smoother and more accessible for those new to the game. By eliminating valuation fees for small HMO properties, the company is removing a financial hurdle for first-time landlords, potentially saving them hundreds of pounds in initial costs.
Savings Across the Board
But the perks don’t stop with free valuations. LendInvest is committed to making property investment more affordable and has therefore applied reductions of up to 15 basis points across its entire buy-to-let mortgage range. This strategic price adjustment is designed to attract a broader audience, making it easier for new landlords to secure financing for their investment ventures.
Stimulating Growth and Support
Sophie Mitchell-Charman, LendInvest’s Commercial Director, shared insights into the company’s vision, “Landlords and brokers have come forward in huge numbers in the first quarter of 2024 as they look to make up for lost time in 2023. Our focus remains sharply on monitoring the market closely; and tailoring our product suite accordingly, with the goal of stimulating growth in the market while providing all-important support for first-time landlords. We’re one of few lenders who will support a first-time landlord to purchase a small HMO or small MUFB, and this free valuation offer on small HMOs is part of supporting them and all landlords to meet their ambitions.”