LendInvest reduces residential rates by up to 25bps

All fixed rates have reduced by 15bps while tracker rates are down by 25bps.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
25th April 2024
house with percentage sign
"In the year since we launched residential mortgage products, we’ve seen lots of appetite and learned a lot from our brokers’ feedback"
- Paula Mercer, head of sales at LendInvest

LendInvest Mortgages has reduced rates across its residential mortgage range by up to 0.25%.

Rates in the range now start from 5.74%, including reductions on its tracker products by up to 25bps, and cuts across all fixed rates of 15bps.

The lender has also introduced new no-fee products to help homeowners with the upfront costs of their mortgage.

LendInvest's residential range includes bespoke support and specialist products for people who have multiple sources of income, are self employed, key workers or have complex credit histories.

Paula Mercer, head of sales at LendInvest, said: “These changes mark our next step in support of brokers and their customers who may be traditionally harder to place with a lender.

“In the year since we launched residential mortgage products, we’ve seen lots of appetite and learned a lot from our brokers’ feedback so we can keep building a product range that meets the needs of borrowers who are underserved by the mainstream mortgage lenders.”

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