The Mortgage Works (TMW) has changed its mortgage criteria for incorporated landlords. Following the changes, it will now accept limited company purchase applications to use as a buy-to-let (BTL) where the company is purchasing a property that is currently owned and lived in by one of its directors. TMW said that this is similar to its let-to-buy transactions for standard BTL cases. The lender’s existing limited company product range will also be available on these applications.

LendInvest has cut rates across its residential mortgage suite as its looks to support homebuyer customers who many struggle to get a mortgage on the high street. The range now starts from 5.74%, which includes reductions on its tracker products and its fixed rate products by up to 25 bps and 15 bps respectively. The lender has also introduced new no-fee products to help homeowners with the upfront costs of their mortgage. These changes are the first in a new proposition, which has been influenced by LendInvest’s broker partners, where it looks to constantly adapt based on broker feedback and hat can better suit the needs of their customers.

Kensington Mortgages has launched a series of mid LTV products to its residential mortgage range. The products are designed to provide better rates for customers who sit within the traditional incremental LTV brackets. The lender has added 82.5%, 87.5% and 92.5% LTVs to its existing options of 80%, 85%, 90% and 95% LTV, and the products will be available to customers who meet Kensington’s select criteria. The two-year 82.5% LTV offers a 6.27% rate with a £999 fee or a 6.52% rate with free valuation and free legals, or £250 cashback for remortgage customers. The five-year 82.5% LTV starts from 6.07% with a £999 fee or 6.17% with the same benefits for purchasers and remortgagers as with the two-year product.

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