LendInvest has introduced a new semi-commercial proposition to its buy-to-let (BTL) mortgage offerings, catering to both individuals and corporations. This development is significant as it expands the options available to landlords and investors looking to diversify their portfolios with semi-commercial properties.
What are the details of LendInvest’s new buy-to-let mortgage offering?
The new semi-commercial proposition from LendInvest is available across two- and five-year fixed-rate terms, commencing at a rate of 5.94%. This product is designed for borrowers who fit within LendInvest’s Tier 1 and Tier 2 profiles, allowing a broader range of landlords to consider semi-commercial investments.
How does Aldermore’s new buy-to-let mortgage product fit in?
Aldermore has also made headlines by launching two new five-year fixed rate limited edition products. For individual borrowers with a single residential investment property, the new offering features a 75% loan-to-value (LTV) ratio at a competitive rate of 5.94%, with no associated fees. Meanwhile, for those with multi-property residential investment portfolios, Aldermore provides a similar product at a slightly lower rate of 5.89% for the same LTV and fee structure.
What this means for landlords and investors
The introduction of these buy-to-let mortgage products provides landlords with more flexible financing options, particularly for those looking to invest in semi-commercial properties or expand their residential portfolios. With competitive rates and no fees, these offerings could enhance cash flow and make property investment more accessible. Landlords should consider how these new options align with their investment strategies and portfolio goals.
Frequently asked questions
What types of properties qualify for LendInvest’s semi-commercial proposition?
LendInvest’s semi-commercial proposition is aimed at individuals and corporations looking to invest in properties that combine both residential and commercial elements, suitable for a diverse range of investment strategies.
Are there any fees associated with Aldermore’s new products?
No, Aldermore’s new five-year fixed rate products come with no fees, making them an attractive option for landlords seeking to minimise upfront costs while securing competitive mortgage rates.