LendInvest Mortgages has introduced a new line of buy-to-let (BTL) incentivised products. The new products are available on a five-year fixed term at 75% LTV and include either £400 cashback or a free standard valuation. Brokers and their clients can choose from a 5% fee with an initial rate of 4.84% or a 2% fee with an initial rate of 5.49%. The new incentivised products come after the specialist lender recently re-evaluated its BTL lending criteria, leading to enhancements, including no minimum income requirements across all BTL products, large MUFBs increased up to 20 units, a minimum unit size of 25 sqm and lending to expats in individual names.

Darlington Building Society has increased the maximum LTV across its limited company BTL range from 75% to 80%. The move builds on the society’s entry into the limited company market in November and reflects demand from landlords to place their investment properties in a SPV. The society’s limited company BTL range continues to include a two-year fix at 5.29% and a five-year fix at 5.39%, both with a £999 product fee plus valuation fee. Products can be used for purchase and remortgage, and are available to first-time buyers and first-time landlords, with no minimum income or ownership period. The loans can be used for holiday let properties and applications benefit from a non-restricted solicitor panel.

CHL Mortgages has launched a limited edition of two-year 75% LTV tracker products. The specialist lender has introduced a collection of trackers across single dwelling and HMO property types with no early repayment charges and a choice of 2% and 5% fee options. Rates for single dwelling products are 5.50% and 4.10% with 2% and 5% fees respectively. Rates for HMO products are 5.60% with a 2% fee and 4.20% with a 5% fee. The launch comes after CHL announced it was reinforcing its upper LTV proposition by introducing new limited edition 75% and 80% LTV fixed rate products across single dwelling and HMO property types.

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