Lendinvest Mortgages lowers interest rates across the entire residential mortgage product suite.
Lenders’ two-year fixed interest rate of up to 75% loan value (LTV) will be reduced by 15 basis points, while 10bps LTV is more than 75%.
It also cut all five-year fixed rates by 5bps, with the lowest rate now at 5.14%, for a two-year fixed term.
Lendinvest said it will also offer cash back incentives of up to £400 to help with administrative expenses in the mortgage process.
“We know that affordability is always the biggest obstacle for borrowers, brokers and lenders when it comes to buying a home,” said Hugo Davies, chief capital officer and managing director of mortgages at Lendinvest.
“That’s why we are excited to cut all of our residential mortgage products up to 15bps and continue to offer cashback incentives of up to £400.”
Meanwhile, Gatehouse Bank has reduced its rent by 0.12% in the two-year fixed-term purchase plan for the two-year fixed-term purchase plan for foreigners and international residents in the UK.
These changes will apply to standard and green two-year products, including clients seeking housing financing for multiple career homes (HMOs) and multi-unit freehold blocks (MUFBs).
Gatehouse Bank accepts applications for individuals and special vehicle purchases limited by registered UK.
Gatehouse Banking Client Agent Gemma Donnelly commented: “We remain committed to helping our clients achieve their goals and present today’s changes to support more people seeking Sharia to buy real estate in England or Wales.”
Earlier this week, Lendinvest lowered the price of all BTL products by 10 basis points.
