LendInvest Mortgages has made rate reductions across its core residential and buy-to-let (BTL) mortgage product lines, while TSB has reintroduced five-year fixed first-time buyer and home mover products.
LendInvest has lowered rates by 10 basis points on its core residential products.
These products are aimed at a range of borrowers, including those who may not fit traditional high street lending criteria.
The lender has also made a 15bps reduction on its five- and seven-year fixed rate BTL loans.
In addition, the lender has introduced five-year fixed rate products at 70% LTV, which are designed to support property investors in achieving their investment goals.
LendInvest commercial director Sophie Kettle says: “These rate reductions across both our Residential and BTL product ranges demonstrate LendInvest’s commitment to providing competitive and flexible mortgage solutions.”
“As a company we understand that borrowers’ needs are diverse, and we strive to offer products that cater to a wide range of circumstances, from first-time homebuyers to experienced property investors.”
Elsewhere, TSB has reintroduced its five-year fixed first-time buyer and home mover 90% to 95% LTV products, with rates starting from 5.39% and £500 cashback.
TSB has also lowered residential rates by up to 0.15%. Two-year fixed remortgage 0% to 75% LTV have been cut by 0.15%, while the five-year fixed remortgage 0% to 75% LTV have been lowered by 0.10%.
The lender’s two-year fixed first-time buyer and home mover 0% to 75% LTV rates have been cut by up to 0.10%.
Two-year fixed first-time buyer and home move 90% to 95% LTV rates have also been reduced by up to 0.10%.
