Accord Mortgages has announced changes to its buy-to-let (BTL) range this week, offering better value and choice to brokers and their landlord clients. The changes include rate cuts to select mortgages and the introduction of new product offerings, with reductions as much as 0.84% on some five-year fixes. These include two fee-free two-year fixes starting at 6.8%, and new tracker products for those wanting greater flexibility and the potential to benefit from the lower market pricing on variable-rate deals, as well as any future bank base rate reductions. The new range of products is available from today and will be taken off the market on 31 October 2023.

Vida has announced that it has cut rates across its product range, with all BTL rates being reduced, alongside a number of residential rates. Fixed rates have been reduced by as much of 0.4% on BTL products, with the lowest Vida 36 product being a five-year fixed at 75% LTV with an initial rate of 6.29%. For residential, a standard five-year fixed at 75% LTV on Vida 36 has an initial rate of 7.19%, down by 0.2%. Alongside the reductions to the BTL range, Vida has launched a limited edition product extending availability to HMOs and MUBs, with the two-year fixed being available up to 75% LTV on Vida 36 at an initial rate of 5.79%.

Roma Finance has launched a new fast-paced, internal sales function in response to demand for short term lending. Flow Desk has been created with a brand new team of three, which is being managed by the newly promoted head of sales, Lisa Toner. Roma has also promoted Kerry Bradshaw to business development executive and has also appointed two new team members in Nathan Steele and Jay Habib. RomaFLOW continues to grow and includes products such as standard residential bridging, auction finance and light refurbishment. The Flow Desk team are tasked with the quality of the pack to support underwriting and nurturing relationships with partners to ensure that the ‘borrower first’ experience is achieved.

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