Remortgaging From LendInvest

Why Landlords Remortgage From LendInvest

Property investors look to move their buy-to-let finance away from LendInvest for several reasons:

• SVR impact — LendInvest's standard variable rate typically reaches 8.25% to 8.99%, which represents a significant increase from the initial fixed rate and can materially affect rental profitability
• Bridging-to-BTL transitions — landlords who moved from a LendInvest bridge to a LendInvest BTL term for convenience may not have fully explored the competitive landscape at the point of conversion
• Product range differences — LendInvest's BTL offering, while growing, may not cover every scenario as comprehensively as established BTL specialists such as Paragon or The Mortgage Works
• Evolving portfolio needs — as landlords gain experience and grow their portfolios, their requirements often become more complex, necessitating lenders with deeper specialist BTL expertise

LendInvest has brought welcome innovation to property finance, but landlords should assess each mortgage renewal on its own merits rather than defaulting to the existing lender.

LendInvest BTL Rates and SVR

LendInvest's initial fixed rate BTL products are generally priced within the competitive range for the specialist BTL market. Their technology platform enables efficient processing, which helps offset any slight rate premium over the most aggressive mainstream BTL pricing.

The challenge, as with all BTL lenders, comes when the fixed rate expires. LendInvest's SVR typically falls between 8.25% and 8.99%. On a £180,000 interest-only BTL mortgage, a SVR of 8.49% translates to monthly payments of approximately £1,274. A competitive five-year fix at 5.09% would reduce that to around £764 — a saving of £510 per month or over £6,100 per year.

Landlords who originally used LendInvest's bridging product before converting to a BTL term should pay particular attention to their overall cost of finance, as the combined expense of bridge and term lending may be higher than if they had remortgaged to a different BTL lender at the earliest opportunity.

How to Remortgage Your Buy-to-Let From LendInvest

The remortgage process from LendInvest follows standard BTL procedures, though landlords coming from a bridging background should be aware of some additional considerations:

• Confirm your product status — establish whether you are on a fixed rate BTL term, a tracker or the SVR. If you transitioned from a bridge, confirm that the BTL term is fully in place and check for any outstanding conditions
• Assess your property value — particularly relevant for properties that were refurbished using bridging finance, as any uplift in value since acquisition could reduce your LTV and unlock better rates
• Prepare your income and portfolio documentation — new lenders will require evidence of rental income, your landlord experience and details of any other mortgaged properties you hold
• Engage a BTL specialist broker — a broker with experience across both LendInvest and competing lenders can provide an objective comparison and handle the transition efficiently
• Allow time for the legal process — your solicitor will need to discharge LendInvest's charge and register the new lender. This typically adds two to three weeks to the overall timeline

Portfolio and Property Considerations

LendInvest's origins in bridging and development finance mean that many of their BTL borrowers hold properties with slightly different characteristics to a typical BTL landlord:

Refurbished properties — if you used a LendInvest bridge to purchase and refurbish a property before converting to their BTL product, the property's improved condition and higher value could now qualify you for better LTV bands with competing lenders, resulting in lower rates.

New conversions — properties converted from commercial to residential use are sometimes viewed differently by lenders. Ensure any new lender is comfortable with your property's use class history and conversion quality.

Short lease properties — if your property has a diminishing lease, this can affect both value and lender appetite. Addressing lease extensions before remortgaging can broaden your options and improve the rates available.

Mixed portfolios — landlords who use LendInvest for some properties and other lenders for others should take a portfolio-wide view when remortgaging, considering how each deal fits within their overall borrowing costs and risk profile.

Why a Broker Helps With Buy-to-Let Remortgaging

For landlords remortgaging from LendInvest, broker expertise is particularly valuable given the intersection of bridging, development and BTL lending that many LendInvest borrowers navigate.

A broker who understands this crossover can ensure that the transition from short-term to long-term finance is handled optimally. They can advise on the right moment to exit a bridging arrangement, whether LendInvest's own BTL product represents the best conversion option and when the wider market offers a more competitive alternative.

Brokers also bring objectivity. Landlords who have worked with LendInvest across multiple products may develop a natural inclination to stay with a familiar lender. While loyalty is understandable, it does not always serve your financial interests. A broker's role is to ensure every product recommendation is based on current market conditions and your specific requirements, not on historical relationships or convenience.