Landbay has cut rates across its product range by as much as 0.30%. The largest reductions have been made to the buy-to-let lender’s small HMO/MUFB range, which has been reduced by up to 0.30%, with rates now starting from 5.04% on a five-year fix with a 6% fee. The limited edition range, which includes AVM-supported products has been reduced by 0.20%, with five-year fixes starting from 4.69% with a 5% fee. Trading company products have also been reduced by 0.20%, with five-year fixes with a 5% fee starting at 5.29%. All products are available at up to 75% LTV.

Foundation Home Loans has launched its new property plus and HMO plus range. The range offers more solutions for landlords with properties that do not meet traditional lending criteria. The new range includes two- and five-year fixes on property plus products starting from 6.99%, whilst two- and five-year fixes on the HMO plus products are available from 7.09%. These products are available at up to 75% LTV with a 2% fee.

Vida Bank has appointed Stuart Sinclair as its new chair, succeeding Steve Haggerty, who has served in the role for nine years. His previous roles include chief executive officer (CEO) at Tesco Bank, CEO at GE Capital UK’s consumer businesses and director of UK retail banking at RBS. He currently serves as chair at International Personal Finance and Willis Ltd. Haggerty is set to remain on the board as a non-executive director until September to ensure a smooth transition, Sinclair’s appointment comes after the bank secured its banking license.

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