Market Financial Solutions has launched a new core buy-to-let (BTL) offering alongside its existing BTL range, which has now become its specialist BTL range. The products are available as two- and three-year fixes and as a two-year tracker, and is set across two tiers depending on a borrower’s risk profile and the loan they require. The core BTL products are for residential properties and standard assured shorthold tenancies. They have a maximum term of 25 years and there is no rolled up or deferred payment options. UK expats with footprint, residing in EEA countries, Channel Islands, Switzerland, USA, Canada, Australia, or New Zealand can all access the core BTL loans, while first-time landlords are also accepted on tier two.

Dudley Building Society has introduced new two and five-year fixed rates across its residential, expat, BTL and holiday ranges. Across its new range, its residential capital and interest two-year fix starts from 5.40% at 65% LTV, while its two-year residential interest-only product is available from 5.70% at 75% LTV. Meanwhile, Dudley’s BTL five-year fix start from 5.95%, and its five-year holiday let and expat BTL products start from 6.10% and 6.40%, all at 70% LTV. The arrangement fees are set at £499 for two-year fixes and £1,499 for five-year fixes, while expat products come with an arrangement fee of £1,999.

Butterfield Mortgages has hired Tom Blackmore as its new senior relationship manager. He joins the London-based lender with over 25 years of experience in the financial services industry. Blackmore most recently spent eight years at Arbuthnot Latham, where he focused on structuring complex lending solutions for high-net-worth (HNW) and ultra-HNW clients. In his new role, he will focus on relationship management across the existing book of clients and enhance the service experience of both current and future borrowers with complex lending requirements.

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