LendInvest Mortgages has announced a significant reduction in their buy-to-let mortgage rates. The rates have been slashed by up to 0.80%, with new starting rates as low as 3.79%.

They have also enhanced their support for more complex buy-to-let scenarios. This includes facilitating loans of up to £1.5 million for large Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs). Moreover, they have specialised provisions for portfolio and limited company landlords, recognising the unique challenges and opportunities these investors face.

The New Buy-to-Let Portal

In addition to revising their rates, LendInvest Mortgages is on the verge of launching an innovative buy-to-let portal. This portal, currently in its final stages of development, has been initially introduced to a select group of brokers. The plan is to roll it out to the broader market later in the month. This portal is built on the same technology used for their bridging and residential ranges, promising to streamline the application process for buy-to-let brokers. It aims to provide faster processing times, greater certainty, and improved visibility of deals, making the borrowing experience smoother and more efficient.

A Commitment to Support Landlords’ Ambitions

Sophie Mitchell-Charman, the commercial director at LendInvest, emphasises the company’s dedication to backing landlords in their quest for expansion in 2024. According to her, brokers are witnessing a surge in ambition among landlords who are eager to grow their portfolios. LendInvest’s new range of products, powered by leading-edge technology and delivered by experts, is designed to help landlords recover lost time with more affordable options.

Mitchell-Charman further stresses the company’s aim to make 2024 a landmark year for supporting buy-to-let landlords in securing the right deals at the right time. The new buy-to-let portal is a step in this direction, offering brokers tools that simplify their work and benefit their clients.