LendInvest launches tracker mortgage product range | RNS | Ticker

LendInvest launches tracker mortgage product range

RNS Announcement

RNS Number : 4145E

Lendinvest PLC

28 October 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

LEI: 213800NWMK3O4UWP9N91

28 October 2022

LendInvest plc

("LendInvest" or "the Company")

LendInvest launches tracker mortgage product range

LendInvest plc (LSE: LINV; "LendInvest""), 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."

Enquiries:

LendInvest via Tulchan Communications +44 (0)20 7353 4200

Alex Dee, Head of Investor Relations

Leigh Rimmer, Senior PR Manager

[email protected]

Panmure Gordon (NOMAD and Joint Broker) +44 (0)20 7886 2500

Charles Leigh-Pemberton / Atholl Tweedie / Gabriel Hamlyn

finnCap Limited (Joint Broker) +44 (0)20 7220 0500

Jonny Franklin-Adams / Tim Redfern

Tulchan Communications (Financial PR) +44 (0)20 7353 4200

Tom Murray / Matt Low / Misha Bayliss / Olivia Lucas

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RNS metadata

Title: LendInvest launches tracker mortgage product range
Time: 07:00:07
Date: 28 Oct 2022
Category: Miscellaneous
ID: 4145E