Rob Stanton has been promoted to sales and distribution director at Landbay, having previously served as the firm’s business development director. Joining as a regional account manager in 2018, Stanton will now lead the sales team and the firm’s national accounts across all distribution channels, including networks, mortgage clubs and packagers. He will also join Landbay’s executive leadership team. The announcement comes as Landbay’s managing director of intermediaries, Paul Brett, announced that he will leave the business to set up a coaching and consulting business. Brett joined Landbay in 2017 and has worked in building the sales team to suit to buy-to-let mortgage sector.

Pepper Money has reduced rates on over 300 products from its residential and affordable home ownership product ranges. The largest reductions are on the lender’s 85% LTV mortgages, which could support those with recent credit blips or adverse credit. In addition, Pepper Money has cut the price of its limited edition three-year fixed rates. The lowest rate now available is 6.72% and reductions at 85% LTV include Pepper 12 DMP five-year fixed rate has been reduced by 0.35% and Pepper 36 three-year fixed rate has been reduced by 0.55%. Pepper’s 18 two-year and 48 light two-year fixed rates have also been reduced by 0.25% and 0.29% respectively.

Atom bank has lowered rates again on its prime mortgage range for residential customers, making it the seventh set of mortgage reductions since August 2023. The bank has cut LTV rates by up to 0.20% with a five-year fix at 60% LTV and is available from 4.84%, with a £900 fee. The latest rate reduction also means that prime two-year fixed rates start from 5.29% and three-year fixes from 5.14%. The announcement comes as the bank stated that over the last four months, more than one in five (21%) applications were approved on the same day, with over a third (34%) gaining approval on the same or next day.

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