MPowered Mortgages has cut rates further across its mortgage range, which sees rates for three- and five-year mortgages fall below 4%. New customers qualify for the lender’s lowest rate which is its five-year fixed rate mortgages at 60% LTV. This has been reduced to 3.87% with a £999 arrangement fee and 3.97% with no fee. Its three-year fix at 60% LTV has been cut to 3.99% with a £999 fee and 4.17% with no fee. Two-year rates at 60% LTV have been cut to 4.24% with a £999 fee and 4.44% with no fee. The cuts have been made across both remortgage and new purchase customers and across all LTV bands with increases by 5% from 60% to 80% LTV.

Paragon Bank has introduced £750 cashback on all five-year buy-to-let (BTL) fixed rate products, along with new 3% fee options, across its purchase and remortgage products. The addition of the 3% fee products means that the bank now offers 3%, 5% and no fee options at up to 75% LTV, in a move that aims to expand the choice for landlords. Rates for the 3% fee product start at 5.14%for properties with EPC rating of A-C, rising to 5.39% for HMOs and MUFBs. The products are available for individual and limited company applications in England, Scotland and Wales and include a free mortgage valuation.

Dalbir Singh has been appointed as actuarial director at Broadstone. He brings almost two decades of experience in the pensions industry to the role, having a “proven track record” of delivering strategic advice to trustee and corporate clients. Singh joins from WTW and his new role, which will be based across Broadstone’s newly opened Birmingham office and its Redditch location, will see him manage a portfolio of scheme actuary clients. He will also play a “vital” role in the continued development and expansion of Broadstone’s services.

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