LendInvest lowers rates to improve ‘access to finance’

By: ameer@trustedteam.com

LendInvest has reduced rates across its residential mortgage range, including products for key workers, the self-employed and people with complex income streams and credit histories.

Residential mortgages are now offered at rates starting from 5.29%, with two and five-year fixes available at loans-to-value up to 90%.

Applicants are eligible for free valuations under £400, or £400 off valuation fees.

LendInvest first launched its residential mortgage product range to the whole of the UK market last month, with intermediaries able to access it through the online portal.

Backed by a £300m funding agreement with Lloyds Banking Group, it marked the company’s official entry into the UK’s £1.2trn homeowner mortgage market.

LendInvest commercial director Sophie Mitchell-Charman says: “Following the launch of our new residential mortgage range last month, we are keen to keep iterating our products and listening to what customers who are regularly overlooked by the market, need to purchase their first home.

“These changes improve access to finance for these customers, which we are hugely excited about.”

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