The Mortgage Works launches two BTL products, cuts rates

The Mortgage Works has launched two buy-to-let products for limited companies, while cutting selected limited company rates by up to 15 basis points. The specialist lender’s two new loans are a two-year fixed-rate deal at 75% loan to value at 3.49%, with a 2% fee. It is available for purchase, remortgage and further advances and … Read more

MPowered Mortgages launches seven and 10-year fixes for prime resi offering

MPowered Mortgages has expanded its prime residential offering with the launch of seven and 10-year fixed-rate mortgages.  The new seven-year fixed-rate products will launch with rates starting from 3.29% up to 75% loan-to-value (LTV) with a £1,999 fee, while rates for the 10-year fixed-rate products will start from 3.34% up to 75% LTV with no … Read more

Newcastle Intermediaries launches three-year 95% LTV resi loans

Newcastle Intermediaries says it has refreshed its residential mortgage portfolio with the introduction of three-year fixed-rate loans. It says the move is a bid to “meet the needs of borrowers with lower deposits looking to achieve their homeownership goals”. The range includes a 95% loan to value, three-year fixed-rate deal at 3.8% (4.0% annual percentage … Read more

Brightstar Group launches women into finance scheme

The Brightstar Group has launched a scheme to encourage young women into a career in the financial services industry. Sirius Property Finance will host its inaugural Women into Finance Day on 12 July in partnership with MT Finance.  The initiative aims to provide an opportunity for young women to participate in a programme of events … Read more

Reinsurance pool launches amid a political war of words – Local – Insurance News

The $10 billion-backed government cyclone reinsurance pool has begun work, but a bitter row has developed about the level of savings it will bring. Financial Services Minister Stephen Jones said last week the previous Coalition government had “deliberately misled” people when it flagged premium reductions of up to 46% for homeowners, 58% for strata properties … Read more

Bankhall launches referral option for protection products

Bankhall and PMS Mortgage Club has launched a new protection referral option for its directly authorised firms.  Its 10,000 members will be able to refer clients to a panel of specialist protection advisers. Bankhall says this will appeal to firms who do not wish to advise on this area but still want to make sure … Read more

CHL Mortgages launches BTL refurbishment range

CHL Mortgages has launched a buy-to-let refurbishment range which it says is designed to help landlords improve the energy rating of their rental stock and improve its general condition. It adds: “The products offer the ability to release the costs of the refurbishment upon completion, without having to change product.” The range consists of three … Read more

Castle Trust Bank launches bridging range

Castle Trust Bank has launched a simplified bridging proposition, which will now include separate buy-to-let products. Its bridging range – supported by dedicated sales, underwriting and processing teams – features specialist products for heavy refurbishment, light refurbishment and a product that can be used for chain breaks, quick purchases, auction purchases and development exits. The … Read more