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.



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


Mortgage Advice Bureau and AI in the mortgage sector
Chief executive officer at Mortgage Advice Bureau, Peter Brodnicki, and founder and managing director at Heron Financial, Matt Coulson, joined content editor Dan McGrath to discuss how Mortgage Advice Bureau is using artificial intelligence to make advancements in the mortgage industry, the limitations of this technology and what 2026 will hold for the market

Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget

NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?

Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?



In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.

Advertisement