LendInvest Mortgages has cut rates across its residential products and widened the borrowing criteria for select borrowers.
LendInvest Mortgages has reduced two-year fixed rates by as much as 0.15% and five-year fixed rates by up to 0.1%.
As well as the rate cuts, the lender has changed its eligibility criteria for qualified professionals and key workers. It has expanded the list of accepted occupations to now include psychologists, social workers, prison officers, prisoner custody officers, teaching staff, teaching assistants and university lecturers.
Additionally, LendInvest Mortgages will now overlook any satisfied communications and utilities that are less than £250 for each applicant. The lender said this change would make its products more accessible to a greater range of customers.
Paula Mercer (pictured), head of sales at LendInvest, said: “We are constantly looking for ways to make our mortgage products more accessible and affordable for our customers.
“By lowering our rates and expanding our eligibility criteria, we are ensuring that more people can benefit from our tailored mortgage solutions. Our commitment to providing excellent service is reflected in these enhancements, and we are excited to help even more customers on their journey to refinancing or owning their home.”
Earlier this month, LendInvest Mortgages made changes to its buy-to-let (BTL) offering, including a reduction in product rates and the introduction of a £350 cashback incentive.
In its 2024 results, the group posted a £20.1m loss, down from a profit of £11.4m in the previous financial year. However, LendInvest said it had seen a rise in BTL and short-term mortgage activity and felt positive about the year ahead.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
