News in brief - 17 July 2024

April Mortgages has appointed Stephanie Burke as its new director of risk and compliance. She joins the firm having headed up various compliance teams within mortgage lenders and broker firms, bringing the insight gained from starting her career on the operations side as a mortgage adviser. As a result, the firm says she "understands first-hand how important it is in the current climate" for April Mortgages to offer “greater certainty and peace of mind” to borrowers and advisers. The lender offers a range of five to 15-year fixed rate mortgage, with customers able to take advantage of mortgages up to 95% LTV.

MPowered Mortgages has reduced rates across its fixed rate purchase mortgage range for the second time in a week, with rates being cut by a further 0.30%. Two-year fixed rates at 60% LTV with a £999 arrangement fee now start at 4.58% and 4.79% with no arrangement fee for new purchasers and home movers. Three-year fixed rates at 60% LTV start at 4,47% and 4.67% with a £999 arrangement fee and no fee respectively, again for purchasers and home movers. For remortgagers, three-year fixes at 60% LTV start at 4.45% with a £999 arrangement and comes with its legal fee saver incentive package.

Accord Mortgages has reduced its buy-to-let product range by as much as 0.25% on its three-and five-year fixes. Highlights include a three-year fix at 4.39% at 60% LTV for remortgage clients and comes with a £3,495 fee. A five-year fixed rate is now available at 4.64% up to 75% LTV, coming with a £3,495 fee, while the two-year remortgage product starts at 5.19% at 75% LTV with a £995 fee. All three products come with a free standard valuation and remortgage legal service. A two-year fix for house purchase now starts at 4.84% at 60% LTV, which comes with a £1,995 fee, £500 cashback and free standard valuation.



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