News in brief - 22 May 2026

ModaMortgages has launched a new range of limited edition five-year fixed rate products.

The specialist lender’s new range includes products suitable for single-dwelling properties, with rates starting from 5.14%. The range also includes products suitable for HMO and MUFB properties with up to six bedrooms, with rates available from 5.24%.

Borrowers can opt for 75% or 80% LTV products, with a choice of fee options also available.

Together has announced rate reductions on its short-term and first charge products.
The changes include a reduction of two bps across selected unregulated bridging products, to improve affordability, particularly within LTV banding for loans above £100,000. Headline rates for unregulated bridging will now start from 0.83%

The short-term product is available on loans of between £26,000 and £5m, and includes dual solicitor representation on qualifying cases to support faster completions, with 100% funding available with additional security.

In addition, Together has reduced rates across its regulated first charge retention range for existing customers, with the two-year fixed rate at less than 65% LTV, reduced by 55 bps to 7.85%, while its five-year fix has been reduced by 24 bps to 7.75%.

CHL Mortgages has appointed Jenna Mancey as business development manager (BDM) for London and the South East.

She brings nearly 20 years of financial services experience to the role, including personal banker roles at Halifax and Santander early in her career before moving into underwriting at Precise Mortgages, Molo and Foundation.



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