Property finance Fintech LendInvest has announced a new pay rate product to its Buy-to-Let range for Limited companies and Special Purpose Vehicles. LendInvest has launched a 5-year fixed pay rate product at 3.69% for Limited company landlords.
The lender is now offering 80% LTV products on standard properties, with a maximum loan size of £500,000, and increased its maximum loan size for standard properties to £1.5 million.
Customers are also eligible for a £200 cashback on all applications where Open Banking is used.
Andy Virgo, Director for Buy-to-Let at LendInvest, commented that professional landlords are “speaking with their feet” and demand for our BTL proposition of late is illustrating exactly that.
“Incentivised by the SDLT freeze, it’s clear that we can still do more to support our borrowers. The changes released today mars our commitment to assisting the UK’s professional landlords grow or incorporate their portfolios at this crucial juncture in time.“
LendInvest has lent over £3 billion of short term, development and buy to let mortgages. Investors include global institutions such as HSBC, Citigroup and NAB. LendInvest has been profitable since 2015