Skipton Building Society has launched two new ISA products, which are available to new and existing customers. The society’s 18-month ISA starts from 4%, while its 30-month ISA is available from 3.85%. On both products, savers can put away between £5000 and £1m, and no partial withdrawals are permitted. Annual and monthly interest options are available. Both products can be opened online, via the app, in branch or by phone.

Mansfield Building Society has reduced fixed rates across its versatility and credit repair mortgage ranges to strengthen its specialist lending proposition. On its credit repair fixed rate, rates have been reduced by 0.40% to 5.99% at up to 70% LTV. The product supports borrowers with historic or recent credit issues, including credit defaults, active debt management plans and discharged bankrupts from day one. Furthermore, its versatility plus two-year fix at 80% LTV, and its versatility two-year fix at up to 85% LTV have been reduced by 0.20% to 5.99% respectively. This range caters for borrowers whose needs fall outside standard criteria, including those with minor credit blips, complex income structures, skilled worker visas, and self-employed applicants with just one year’s trading history.

Redwood Bank has reduced interest rates on its loans up to 60% LTV as part of a wider set of changes designed to support affordability and give brokers greater flexibility when structuring deals. It has also increased its maximum portfolio loan to £10m across residential investment and commercial lending and has extended commercial interest-only terms to 20 years. For residential investment buy-to-let and semi-commercial mortgages, rates now start from 4.84% for a two-year fix at up to 50% LTV with a 5% fee. On its commercial investment mortgages, rates are now available from 6.34% for a wo-year fix at 50% LTV with a 5% fee.

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