Nationwide has announced it is reducing selected fixed rates at 90% and 95% LTV by up to 0.2 percentage points and switcher rates by up to 0.3 percentage points. New customers who are moving home will see reductions of up to 0.15% across the society’s selected two, three and five-year fixed products, while first-time buyers will reductions of up to 0.20% across selected two, three and five-year fixed products. Nationwide’s first-time buyer mortgages also come with £500 cashback, while those looking to remortgage to the society can choose between £500 cashback or free standard legal fees. 

LiveMore has announced the appointment of a new director of marketing, Ben Baily, as the lender looks to expand its reach into the consumer arena. Bailey has a background of growing consumer-focused tech start-ups and will join LiveMore from Even, an equity lender for first-time buyers, where he was part of the founding team. Previous companies he has worked for include Zipcar, MyBuilder and Nested.

Specialist buy-to-let lender, Landbay, has launched a new set of special edition five-year fixed rate mortgage products with rates starting at 4.99%. The lender’s new range provides price certainty with combined flexibility as there are only three years of early repayment charges (ERC). This means the borrower can redeem the mortgage in years four and five if they wish with no penalty. Landbay suggested this is also beneficial for stress testing purposes as the interest cover ratio (ICR) on five-year fixes is calculated at pay rate.

Pepper Money has relaunched its Pepper 48 range, which includes a new limited edition three-year fixed rate and low ERC five-year fixed rate. The lender revealed that its Pepper 48 offering is suitable for customers who haven’t had a CCJ or default for four years and is available from 6.75% for a five-year fixed rate. For customers with a smaller deposit, Pepper Money has reduced rates, with a five-year fixed rate on Pepper 48 now available at 6.84% at 85% LTV.

Leeds Building Society has announced it is refreshing its range of two-year fixed rate mortgages, including a new deal up to 95% LTV with £250 cash back and no completion fee. The lender’s latest two year fixed rate deals include a 5.55% up to 95% LTV with £250 cash back on completion, a 5.10% up to 90% LTV, and a 4.42% up to 65% LTV. Each comes with a free standard valuation and has no completion fee.

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