Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Lendco and LendInvest Announce Buy-to-Let Rate Reductions

Lendco and LendInvest have both announced reductions to their buy-to-let (BTL) mortgage rates. The changes apply to selected two- and five-year fixed rate products, with new starting rates now available for landlords and property investors.

Lendco has cut rates by up to 20 basis points across selected two- and five-year fixed BTL products. The lender’s two-year fixed rates across all property types now start at 4.29%. For five-year fixed rates, single asset properties and houses in multiple occupation (HMOs) or multi-unit blocks (MUBs) with loan sizes up to £1 million now start at 5.35%. For loan sizes between £1 million and £2 million, the starting rate is 5.45%.

LendInvest has also reduced its BTL rates, announcing a 10 basis point cut across its two- and five-year fixed rate products. The lender’s lowest rates now start at 3.74%.

These rate changes may be relevant to letting agents and inventory clerks working with landlords who are considering refinancing or expanding their property portfolios. The new rates could impact affordability calculations and the attractiveness of certain property investments.