ModaMortgages has repriced its buy-to-let product, with cuts of up to 40bps. As a result, its two- and five-year fixes start from 3.19% and 4.79% respectively. The reprice will also see the introduction of specific HMO and MUFB products, with prices starting at 3.29% and 4.89% on two- and five-year fixes respectively. Products are available to a variety of landlords types, including individuals and limited companies, and all feature free valuations and no application fee.

Loughborough Building Society has strengthened its lending in retirement proposition by increasing the maximum LTV from 60% to 70% on interest-only mortgages. The criteria enhancement is aimed at supporting borrowers seeking later life borrowing for purposes such as home improvements, debt consolidation, gifting, second home purchases or restarting homeownership following life events such as divorce. The change reflects the society’s commitment to offering a lending criteria that responds to the evolving financial needs and property-related aspirations of people entering into and living through retirement.

Marsden Building Society has introduced a new distribution team to work alongside its lending department, comprising of new hires and internal appointments. As part of the society’s growth strategy, the distribution function will be led by product manager, Katie Broome, who has worked within financial services for 14 years, including 10 years at The Marsden. Furthermore, three new business development advisers have been appointed, consisting of two new hires and one internal promotion, to provide virtual and face-to-face service for intermediaries.

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