Landbay has announced that it has reduced pricing across its fixed-rate product range, with rates falling from 0.3% to 0.7%. Highlights of the changes including rates on like-for-like remortgage standard two-year fix at 75% LTV falling to 4.39% and standard two-year fixed rate at 75% LTV starting at 5.49%, both seeing reductions of 0.3%. Small HMO/MUFB five-year fixed rates at 70% LTV have also seen a reduction of 0.6%, with rates now starting at 5.79%. Business development director at Landbay, Rob Stanton, said: “With swaps rates reducing we are glad to be able to pass on rate reductions as quickly as possible. This will be welcome news for intermediaries and their landlord clients and covers all of our fixed rate deals.”

The Competition and Markets Authority (CMA) has launched an investigation following complaints over unregulated will-writing, online divorce and pre-paid probate services. The CMA has said that it is keen to hear about people’s experiences with firms offering these services, with concerns that they are not all complying with consumer protection law. The regulator has said that it is also concerned that, if a company ceases to operate, there is a risk that customers’ money or important documents, such as their will could be lost. Chief executive officer of the CMA, Sarah Cardell, said: “These services are essential to people, often at the most challenging times in their lives. The CMA is aware that rising living costs mean people are watching their spending, so shopping around for a more affordable option is attractive and sometimes a necessity.”

Aspen has completed a £7.15m refurbishment bridge on an ultra-luxury property in Belgravia, London, making it one of the most high-value private redevelopments in the UK. With an initial drawdown of £4.76m to assist with the purchase, 70% LTV of its current value, a further £2.39m is available to drawdown to modernise the four-storey apartment, with has a gross development value of over £11m. In line with Aspen’s customer service commitment, the deal was taken from start to finish by underwrite, Richard Twedell, with the deal completed on the company’s flat rate product at 0.94% over 19 months. The exit will be achieved through the sale of the property.

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