Pepper Money has launched a new residential remortgage limited edition within its Pepper 48 range, introducing a 75% LTV two-year fixed reduced by 0.30% compared to its current equivalent offering. It starts from 5.09% up to 75% LTV, and it is aimed at remortgage customers whose circumstances place them just outside traditional high street lending appetite, including those with credit blips or more complex financial profiles. The limited edition range is available with a choice of fee options of £0, £795 and £1,495, and customers can either select free legals or £350 cashback.

Landbay has reduced rates across its buy-to-let products covering its premier, core and specialist ranges. On its premier range, its two- and five-year fixed rates have been reduced by 15 bps, including like-for-like remortgage, product transfer, as well as five-year foxes with free valuation and assisted legal options. Landbay’s premier five-year fix is available from 4.95% and 4.35% with no fee and a 3% fee respectively, both at 75% LTV. On its core and specialist product ranges, which cover limited companies, holiday let and small HMO/MUFBs, the lender has reduced rates by up to 20 bps.

Inspired Lending has introduced a flexible funding facility designed for brokers supporting property professionals who need structured, relationship-led funding rather than an off-the-shelf product. The flexible facilities have been introduced following a number of requests to support borrowers with flexible in-life funding requirements, and are available for up to 24 months with rates from 0.89%. Funds can be drawn and repaid as often as the borrower requires during the facility term and interest is only charged on the outstanding drawn balance at any time and rolled-up monthly, with non-utilisation fees. Maximum leverage is set at 70% LTV and comes with an initial arrangement fee of 2%, along with an annual renewal fee of 0.5% of the facility limit.

---