Mortgages

LendInvest announces legal fee and loan size changes

Rozi Jones
|
11th July 2019
conveyancing
"These product changes provide a significant reduction in the upfront cost our customers face when acquiring finance."

LendInvest has increased the maximum loan size to £750,000 across its buy-to-let range and will now contribute towards the legal fees on its five-year fixed rate products.

LendInvest will now pay a contribution toward the borrowers legal fees for its five year fixed rate products at 75% LTV up to a maximum of £850 for a limited time, increasing to £1,000 for repeat borrowers.

Additionally, standard residential borrowers will be offered a reduced valuation fee of £150, along with free title insurance. Free title insurance is also extended to HMO refinance cases, which are accepted on properties with up to 15 rooms.

Ian Boden, sales director at LendInvest, said: “We listen closely to our customers and the market when it comes to delivering the best offering for our borrowers. Access to capital is crucial when a landlord is growing their property portfolio - these product changes provide a significant reduction in the upfront cost our customers face when acquiring finance.”

Related articles
More from Mortgages