Molo has reduced two-year fixed rates across its specialist buy-to-let (BTL) and semi-commercial range by five bps, while five-year fixes have been lowered by seven bps.

Two-year fixes across the specialist BTL range, which includes MUFBs, HMOs and new-build properties, now start from 3.66%, while five-year fixes are available from 5.38%.

The specialist mortgage lender has also reduced prices on its semi-commercial range, with two- and five-year fixes starting from 5.91% and 6.38% respectively.

Helen Merrey has been appointed as a business development manager (BDM) at GB Bank.

She brings more than a decade of experience in business development and intermediary relationship management, having most recently served as senior key account manager at Uinsure and as regional account manager at West One Loans.

Merrey’s appointment follows a period of continued growth for GB Bank, which recently surpassed £1bn in lending and expanded its commercial investment proposition.

Fleet Mortgages has launched a new range of one-year fixed rate products, providing landlord borrowers and their advisers with a further short-term option across its standard, limited company, and HMO/MUFB ranges.

The new one-year products are available to both new and existing Fleet borrowers and the lender said have been introduced to provide greater choice for landlords who may not wish to commit to longer-term fixed rates in the current market.

Available up to 75% LTV, Fleet’s one-year standard and limited company fixed rate products are priced at 3.49% with a 2.5% product fee and includes a free valuation on properties valued up to £500,000. The one-year HMO/MUFB product, also at 75% LTV, is prodced at 3.74% with a 2.5% product fee and comes with £1,000 cashback.

CRG Insolvency and Financial Recovery has joined the Bridging & Development Lenders Association (BDLA) as an associate member.

The independent insolvency and financial recovery practice works with lenders, creditors, investors, agents and legal advisers across the UK. Its work includes fixed-charge and LPA receiverships, property and construction administration, distressed development sites, secured-lender mandates, refinancing and consensual sales.

The BDLA represents the interests of bridging and development lenders and their customers. Its membership brings together lenders and associate firms from across the specialist property finance market.

---