LendInvest Mortgages has reduced rates by up to 25 bps across its buy-to-let (BTL) products with the aim of unlocking investment potential for landlords. Rates have been cut by 25 bps on its five-year holiday let and by 20 bps on all of its two-year fixed term products. The lender has also reduced selected five- and seven-year BTL products by five bps. The new rates can accommodate new business and product transfers and support a variety of BTL mortgage needs, including individuals, limited companies, portfolio landlords and expats.

Landbay has added four new products to its limited edition small HMO and MUFB range. The products are available at up to 75% LTV and cover loans between £150,000 and £500,000. Available as five-year fixes, rates start at 5.09%. Landbay has also announced new additional small HMO/MUFB products will be joining its new product transfer offering. Similarly, these five-year fixed products are also available at up to 75% LTV with rates starting from 5.09%.

Fleet Mortgages has made a number of criteria changes to provide greater flexibility and help advisers place more landlord borrowers. The BTL lender will now accept TR1 forms (transfer of whole of registered title) in order to go on offer on the loan, with the Land Registry not needing to be updated until completion. The lender will also now consider both satisfied and unsatisfied CCJs the borrower holds, considering CCJs of up to £500 satisfied within the last three years and will also consider CCJs of up to £250 unsatisfied in the same period. Finally, the lender has reduced its minimum floor area requirement to 30 square metres from 35 square metres.

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