Specialist buy-to-let lender, CHL Mortgages, has launched a new product range for large Houses in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFB). The range is designed to cater for properties with seven to 10 units. CHL highlighted that its latest move follows the recent launch of its seven-year fixed rate product range and is in addition to the lenders existing HMO & MUFB range, which allows up to six units. The new larger HMO/MUFB product range is available up to 75% LTV with a headline rate of 3.35% fixed for five years.

Norton Home Loans has extended the maximum LTV on its first charge mortgage range to 80%. The move increases the lender’s maximum available LTV up from 75%. Commercial manager at the firm, David Binney, said that with house prices continuing to increase, deposit size continues to be a “significant determining factor” for homebuyers. Norton offers a range of specialist first charge mortgages and also lends on Right to Buy, basing lending on the valuation not the purchase price.

Countrywide Surveying Services has announced two key promotions to its senior management team. Kharla Mullen will now assume the role of chief operating officer while John McCurry will hold the position of director of products and innovation. Mullen has been with Countrywide for 24 years and has held a number of key senior roles within conveyancing, account management, asset management and for the last 10 years within surveying. McCurry joined Countrywide in 2003 on a graduate training programme after starting his career in estate agency, and in his new role will oversee a long-term innovation strategy for Countrywide including the design, development and implementation of unique products, both externally and internally.

Specialist lender, Pepper Money, has launched a new range of limited edition residential mortgages. The products come with no application fee, a free valuation, and £500 cashback. Pepper Money confirmed that the mortgages are available as five-year fixed rates and have been developed to help customers who miss out on a high street mortgage because of a low credit score or high debt to income ratio. Rates on the products start at 3.55% up to 70% LTV, moving to 3.65% up to 75% LTV, 3.74% up to 80% LTV and 4.25% up to 85% LTV.

General insurance provider, Berkeley Alexander (BA), has announced that the enhanced AXA Extra Home policy is now live and available to its intermediary partners. As one of many insurers on BA’s panel, AXA’s range of flagship home insurance products have been part of its home insurance panel for 10 years. The updated AXA Extra which also includes buildings cover up to £1m, public liability cover up to £2m, trace and access protection, and business equipment cover, is now available to intermediaries via the Berkeley Alexander Quote and Buy platform and included in all renewals.

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