Foundation Home Loans has launched a new range of buy-to-let (BTL) fixed rate specials, including a five-year fixed rate product that is only available to portfolio landlords. As part of the lender’s F1 range, the portfolio landlord product is available at 5.79% and 5.89%, at 65% and 75% LTV respectively. It comes with a 5% fee, free valuation and there is no application fee. Foundation is also offering a two-year fixed rate mortgage to all landlord borrowers, available at 6.04% at 65% LTV and 6.19% at 75% LTV. The lender also launched five-year fixes at 6.34% at 65% LTV and 6.39% at 75% LTV. These products all come with a 3% fee.

Stephen Geddes has been appointed as regional head for the UK at Apex Group. As part of the new role, he will be responsible for overseeing the delivery of the group’s single-source solution to global clients. The appointment follows the acquisition of Mainspring Fund Services by Apex Group, which was founded by Geddes. He also served as chief executive officer for the company. The acquisition has deepened the group’s provision of outsourced fund administration services to small and medium-sized venture fund managers, as well as adding new custody and nominee administration services for private assets. A team of 70 people serving client asset of £10.5bn of assets under management have joined Apex Group’s platform in the UK.

LiveMore has introduced counter-offer to its later life platform, in a bid to make sourcing later life products simple for brokers. In an industry-first, brokers only need to key their client’s details once and LiveMore will return all available products, as well as potential alternatives options if the original product doesn’t quite fit. When receiving applicant details including the client’s income and expenditure details, a maximum borrowing calculation is made. If the client doesn’t pass the affordability assessment for the originally chosen mortgage, the system finds counter-offers within LiveMore’s product range. As a result of the new product, brokers can take alternative options back to the borrower without the need to restart the application or rekey the information.

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