United Trust Bank (UTB) has provided £10.4m of funding to specialist airspace develop,s Fruition Properties, to complete two new airspace schemes in London. The first is a development of nine new apartments over two storeys in South East London, while the second development is a project to build six three-bedroom penthouse apartments on top of three art deco buildings in North London, as well as a new single storey villa on the ground. The two schemes have a combined GDV in excess of £15m.

Zephyr Homeloans has announced reductions of 40 basis points (bps) across its tracker mortgage product range. The lender confirmed that it is offering 5.94% (BBR + 1.69%) on a lifetime tracker standard BTL mortgage product at 65% LTV – for properties with an A to C-rated energy performance certificate (EPC) – and 6.04% (BBR + 1.79%) on properties with an EPC rating of D or E. Zephyr is also offering 6.14% (BBR + 1.89%) on a lifetime tracker mortgage product at 65% LTV for houses of multiple occupancy and multi-unit freehold properties with an EPC rating of A to C, and 6.24% (BBR + 1.99 %) on properties with an EPC rating of D or E.

Just Mortgages has appointed Andy Cuthbert to the role of sales manager for the Midlands, to support the continued growth of its self-employed division. Cuthbert, who has experience from 30 years across the mortgage industry, will work closely with 30 self-employed advisers across the region, with scope for more as the division expands. In addition to providing guidance and support, he will be helping advisers expand their skillset and explore opportunities to grow their businesses.

Hope Capital has confirmed it is rejuvenating its residential refurbishment offering by now providing up to 80% LTV to its brokers and borrowers. The new offer enables borrowers to now receive around 15% more funding on their day one borrowings, providing investors and developers with an opportunity to optimise their cashflow and subsequently maximise returns. For borrowers looking to convert a semi-commercial or a commercial property to a residential asset, the specialist short-term lender will lend up to 75% LTV day one and 70% GDV on semi-commercial, and up to 70% LTV day one and 70% GDV for commercial properties, with fixed rates starting from 1.09% across both property types.

Foundation Home Loans has announced rate reductions of up to 0.75% on its selected buy-to-let (BTL) specials and 0.60% on owner-occupier specials. For BTL, Foundation has introduced price reductions on its two and five-year fixed-rate specials at both 65% and 75% LTV, while in its owner-occupier range, the lender has cut rates on its fixed rate specials by up to 0.55% across its F1 tier – for clients just missing out on the mainstream – and by up to 0.60% across its F2 tier – for clients with recent credit blips. These ates now start from 5.89% up to 65% LTV.

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