Summary:
LendInvest has launched fee-free mortgage products for new purchases and remortgages, while Suffolk Building Society has reduced rates for expat landlords by up to 16 basis points. These initiatives aim to enhance affordability and streamline financing for property investors. LendInvest’s no-fee approach targets maximizing investment returns, while Suffolk’s rate cuts reflect its expertise in the expat and landlord markets.
What This Means for You:
- Property investors can save on upfront costs with LendInvest’s fee-free purchase and remortgage options.
- Expat landlords benefit from Suffolk Building Society’s reduced rates, improving affordability across residential, buy-to-let, and holiday let loans.
- Take advantage of streamlined product transfers with LendInvest to secure financing without significant time investment.
- Monitor market trends as lenders increasingly focus on competitive pricing and tailored solutions for niche markets.
Original Post:
LendInvest has introduced fee-free selected products, while Suffolk Building Society will cut expat landlord rates by up to 16 basis points.
The fintech platform says selected new purchases and remortgages across a range of property types will carry no product fees.
It also launches a range of up-front fee-free product transfer options.
LendInvest director of sales Paula Mercer says: “By eliminating product fees for new purchases and remortgages, we’re giving property investors the opportunity to maximise the earning potential on their investment.
“For borrowers coming up to the end of a loan, introducing up-front fee-free product transfers, combined with the recent updates to our mortgages portal, gives them the ability to seamlessly obtain a new line of financing that is affordable without having to sacrifice significant amounts of time.”
Meanwhile, Suffolk Building Society will cut expat two- and five-year fixes across its residential, buy-to-let and holiday let loans by as much as 16bps.
Suffolk Building Society head of intermediaries Charlotte Grimshaw highlights the mutual’s experience in this market, saying that it has “been in the expat market for almost two decades now and has received applications from British nationals living in 92 countries across the world”.
The lender has also reduced the rate on two standard landlord products and two BTL light refurb mortgages by up to 15bps. Both two-year fixes will also be launched with an extended end date, as will one additional holiday let product.
Extra Information:
For deeper insights into landlord profitability, explore this article on Paragon’s Q2 findings. Learn more about expat mortgages from Suffolk Building Society’s rate updates.
People Also Ask About:
- What are fee-free mortgage products? – These are loans without upfront charges for applications or processing.
- How do expat mortgages work? – They cater to British nationals living abroad, offering tailored financing options.
- What is a product transfer in mortgages? – It allows borrowers to switch to a new deal with their existing lender without a full remortgage process.
- How can landlords benefit from rate cuts? – Reduced rates lower monthly repayments, improving cash flow and investment returns.
Expert Opinion:
These developments underscore a growing trend among lenders to offer niche, cost-effective solutions. By eliminating fees and cutting rates, LendInvest and Suffolk Building Society are positioning themselves as competitive players in the property financing market, particularly for investors and expats.
Key Terms:
- fee-free mortgage products
- expat landlord financing
- product transfer mortgages
- buy-to-let rate cuts
- streamlined mortgage process
- holiday let loans
- property investment affordability
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