Editor's note: This brief was summarised by The Property AI Team from a report by Mortgage Strategy. Read the original article for full details.
LendInvest and Aldermore Expand Buy-to-Let Product Ranges
LendInvest has launched a semi-commercial proposition within its buy-to-let (BTL) lending product range. Aldermore has introduced two new five-year fixed rate limited edition products for landlords.
LendInvest’s new semi-commercial BTL products are available on two- and five-year fixed rate terms, starting at 5.94%. These products are open to individuals and corporations that meet the lender’s Tier 1 and Tier 2 borrower profiles. Expats may also be considered, provided a professional UK-based management agent is in place to oversee the asset.
Aldermore’s latest offerings include a five-year fixed limited edition product at 75% loan-to-value (LTV) with no fee at 5.94% for individuals and companies with single residential investment properties. For new customers with multi-property residential investment portfolios, Aldermore is offering a five-year fixed limited edition product at 75% LTV with no fee at 5.89%. These products follow the lender’s introduction of two-year limited edition products earlier in June.
These developments may be of interest to UK letting agents and inventory clerks working with landlords seeking new mortgage options for both residential and semi-commercial properties.
Source: Mortgage Strategy