Newcastle for Intermediaries extended its Affordability Boost proposition to eligible new build purchase applications at up to 95% LTV, allowing first-time buyers, home movers and existing customers to qualify for affordability assessments tied to longer-term fixed rate products.
Rely launched a limited edition product range for portfolio landlords with 11 or more properties, offering rates up to 40bps below its standard range on two- and five-year fixed-rate options at 75% LTV with a 5% fee, alongside new low-LTV products at 60% and 65% LTV for landlords with four or more mortgaged properties, discounted by up to 15bps against equivalent standard products.
TSB cut residential mortgage rates, reducing two-, three- and five-year fixed purchase rates by as much as 20bps and three-year fixed remortgage rates by 15bps. It also reduced rates on its product transfer and additional borrowing mortgages, reducing two-year fixed residential product transfer rates by 10bps to a starting rate of 4.54% with a £1,495 fee at 60% LTV and up to 5.14% with no fee at 80–85% LTV, while five-year fixed product transfer rates fell by up to 20bps from 4.64% at 60% LTV.
United Trust Bank expanded its bridging finance proposition, launching new Standard and Near Prime ranges across both Regulated and Non-Regulated Bridging Finance and reinstating Heavy Refurbishment Finance, with rates starting from 0.57% per month.
Vida Homeloans launched a part & part repayment option across its residential mortgage range, allowing borrowers to split a single mortgage between capital & interest and interest-only methods, with the interest-only element capped at 75% LTV and a maximum balance of £1 million, and overall lending available up to 97% LTV, excluding Right to Buy applications.