LendInvest PLC - London-based non-bank mortgage lender - Announces launch of new mortgage tracker product range, tracked against the bank base rate, to support borrowers in the context of interest rate uncertainty and ‘market turmoil’.

The company says borrowers will be able to secure a preferential rate now with no early repayment charges, and have the flexibility to remortgage as the market normalises in the next few years.

Commercial Director Sophie Mitchell-Charman says: ‘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.’

Current stock price: 87.50 pence, down 0.6% on Friday

12-month change: down 56%

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