Landbay has created a new range of limited edition standard five-year fixed rate buy-to-let (BTL) mortgage products which start at 5.15%. The lender has also reduced rates on four standard five-year fixed products by up to 10bps, with rates now to 5.25% and 5.45%. Under the new limited edition standard five-year BTL deals, fixed rates start at 5.15% at 70% LTV with a 7% fee. At 75% LTV, rates start at 5.35% with a 6% fee, increased by 20bps consecutively with a 1% fee decrease. The announcement also includes a 75% LTV at 6.15% with a £1,499 fee. Rate reductions on standard five-year fixed rates start at 5.25% at 65% and 70% LTV with a 7%, down from 5.35%. Rates have also been cute on 65% and 70% LTV deals at 5.45% with a 6% fee, which is down from 5.55%.

Alternative Bridging Corporation has made a number of enhancements to its website to make it easier for brokers to apply for bridging, development or commercial finance. The specialist property finance lender has improved the user experience on its website, which includes an updated navigation bar and quick links to its most popular products, including the alternative overdraft, partx and term loan. The updated website also includes additional explainer videos and a revamped news and case studies section as well as more visual step-by-step guidance to steer brokers through application process.

An alert system has been launched today by Mortgage Metrics which alerts brokers when the mortgage rates that they have secured for their clients has reduced. Brokers can set up the alerts for as many mortgage rates as they want without having to share client information. The platform automatically scans rate reductions across a range of products from mainstream lenders, sending notifications when the relevant rate drops. The system was created by mortgage brokers Lee Flavin and Chris Evans, who created the idea following the mini-Budget in 2022. The launch also coincides with the introduction of the mortgage charter, allowing for brokers and homeowners to be helped through the process by automation.

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