Fleet Mortgages has launched a new range of products for standard, limited company and HMO/MUB landlord borrowers at up to 55%. The buy-to-let (BTL) new five-year fixes start from 4.79% for standard and limited company products, with a 3% fee or at 5.34% with a £999 fee. For HMO/MUB products, rates start from 5.19% with a 3% fee or 5.74% with a £999 fee. The standard and limited company products come with a free valuation for properties up to a value of £500,000, with a minimum and maximum loans of £25,000 and £750,000 respectively.
Accord Mortgages has extended its cascade score product to include borrowers with a new-build property up to 90% LTV. As a result, house purchasers up down a 10% deposit on a new-build home will be able to benefit from this range, allowing Accord to consider applications it might have previously declined. The cascade score range was introduced in April 2022 as a way of offering additional options to brokers whose clients don’t meet higher LTV scorecard requirements but do meet its standard scorecard.
Dudley Building Society has made reductions of up to 0.39% across its discounted rate mortgage products, alongside the launch of a range of new five-year fixed mortgages. As a result, residential two-year discount at 60% LTV starts at 5.70%, while its BTL expat two-year discount starts from 5.85% at 70% LTV. Its holiday let expat two-year discount also starts from 5.95% at 70% LTV. On Dudley’s new residential five-year fixes, rates start from 5.28% and 5.34% at 75% and 90% LTV respectively, while the holiday let and BTL products are both available from 5.38% at 80% LTV.
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