LONDON, UK: LendInvest plc, a leading technology driven asset manager for UK property finance, has announced the launch of a new tracker product range in its latest move to support borrowers in response to market turmoil and interest rate uncertainty.
The new tracker range tracks against the Bank Base Rate (BBR) and seeks to provide borrowers with flexibility while they navigate a rapidly economic environment.
With no Early Repayment Charges (ERCs), borrowers can secure a preferential rate now with the knowledge they have the flexibility to remortgage as the market normalises over the next couple of years.
This launch is the latest in a string of product releases from LendInvest; as the business continues to innovate at speed within the LendInvest platform, and respond quickly to support its customers during this time.
Sophie Mitchell-Charman, Commercial Director at LendInvest, said: “The launch of this product range comes at a crucial time for our borrowers. LendInvest always strives to innovate, listen and make changes where our customers need them. Thanks to our platform, we are able to provide these solutions quickly in fast moving and uncertain markets.”