Lendinvest Mortgages has lowered interest rates in its core residential and LET (BTL) mortgage product line, while TSB has reintroduced five years of fixed first-time buyers and home-driven products.
Lendinvest’s interest rate fell by 10 basis points on its core residential products.
These products are targeted at a range of borrowers, including those who may not meet the traditional high street loan standards.
The lender also reduced its five- and seven-year fixed-rate BTL loans.
In addition, lenders have launched a five-year fixed-rate product for 70% LTV, designed to support real estate investors in achieving their investment goals.
“These reduction rates across our residential and BTL product ranges demonstrate Lendinvest’s commitment to providing competitive and flexible mortgage solutions,” said Sophie Kettle, Commercial Director of Lendinvest.
“As a company, we understand that borrowers’ needs are diverse and we strive to provide products that cater to a variety of situations, from first-time home buyers to experienced real estate investors.”
Elsewhere, TSB has reintroduced its five-year fixed first-time buyer and Home Mover 90% to 95% LTV product, with interest rates starting at 5.39% and cash back £500.
TSB also lowers residential rates up to 0.15%. Two-year fixed return of 0% to 75% LTV has been reduced by 0.15%, while five-year fixed return of 0% to 75% LTV has been reduced by 0.10%.
Lender’s two-year fixed first-time buyer and Home Mover and Mover have 0% to 75% lower LTV rates by 0.10%.
Two years of fixed first-time buyers and home moves have also seen a 0.10% reduction in LTV rates.
