Hanley Economic Building Society has committed to providing its intermediary partners with a minimum of seven days to submit a full mortgage application following any product withdrawal, providing a decision in principle (DIP) has been agreed. The commitment offers intermediaries additional time and certainty to convert DIP’s into FMA’s in a volatile product arena. Each case will be individually assessed by the in-house underwriting team, meaning no credit scoring, with a range of residential, buy-to-let, shared ownership, retirement interest-only and self-build products available through the Henley Economic branch network and selected intermediary channels.

MPowered Mortgages has reduced its two-year fixed-rate range, with rates now starting from 5.79%. Rates on its two-year fixed mortgages with a £1,999 arrangement fee now start at 5.79%, having previously sat at 6.15%. Rates with a £999 arrangement fee are now set at 5.99%, down from 6.35% and no arrangement fee mortgages on a two-year fixed-rate now start at 6.34%, down form 6.5%. Chief executive officer at MPowered Mortgages, Stuart Cheetham, said: “Inflation is falling, swap rates are falling and this is why we are able to reduce our rates. We really want to do everything we can to keep rates as low as possible to support borrowers. Borrowers should nevertheless speak to a financial adviser to ensure they choose the right product that meets their individual circumstances. Rates reductions will apply across all 2-year fixed rates, both purchase and remortgage. MPowered offer a choice of fee options including £0 fee option and a £500 cashback on all remortgage applications.”

Lendlord has launched a suite of new and enhanced features to help property investors to grow their portfolios and maximise their returns. New features include property sourcing, which provides access to thousands of live and updated listings; an enhanced deal analyser, which allows for investors to better understand the financial returns on rental or flip projects; a finance hub, relevant market data and a property watchlist. Co-founder and chief executive officer at Lendlord, Aviram Shahar, said: “This suite of new and enhanced features provides property investors with even more functionality to better manage their portfolios and maximise their returns through the Lendlord platform. Lendlord provides landlords with an enhanced digital platform to manage their portfolio and track their investments’ performance, making it easy to instantly review performance insights and make decisions to help maximise returns. Demand for rental accommodation continues to grow and a stagnant property market presents opportunities for landlords to build their portfolio. This set of features will help them to make the right decisions and boost their investment.”

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