"Keeping our reversion rates low ensures our borrowers aren't left in a difficult position at the end of their fixed term"
The five year fixed rate is available up to 75% LTV, with the ICR calculation at the pay rate of 3.89%, assessed at 125% for limited companies and 140% for individual borrowers, with a reversion rate of 3.80% +LIBOR.
LendInvest has also launched new two and five-year fixed rate products with no product fee.
Additionally, Title Insurance will now also be available for HMO remortgage cases up to £750,000, streamlining the application process and providing cover for issues that regularly crop up in the due diligence process.
Ian Boden, sales director at LendInvest, said: "Striving to bring our borrowers the very best products for their projects is central to LendInvest’s operations. It is also key, therefore, to make certain we are always thinking long term when we launch a new product to market.
“Keeping our reversion rates low ensures our borrowers aren't left in a difficult position at the end of their fixed term, an important factor that is easy to overlook when seeking the best rates in the short term."
