CHL Mortgages has appointed Stuart Kay as its new business development manager (BDM) for North London. Kay’s appointment has been made to strengthen the broker support the firm provides in the region. He brings over three decades’ experience as a BDM to the role and is returning to CHL Mortgages, after first joining the firm back in 1994. He joins the firm from Fleet Mortgages, where he also served as a BDM.

Chorley Building Society has added new credit renew mortgage products and updated lending criteria having reviewed the range. The society has increased the LTV on both its credit renew one and two products, with the credit renew one two-year discount now being available at 90% LTV (previously 80% LTV), while credit renew two two-year discount is now available at 75% LTV (increased from 70%). Both products are also available at 60% LTV on both products. Chorley’s renew products are split into category one and two which acknowledges the differing stages that customers may be at, in their recovery from life events. Defaults up to £1,000 can now be accepted on standard lending, and if a client has a default, they are now able to settle this with the loan.

Zephyr Homeloans has introduced new 80% LTV rates on five-year fixes for HMOs and MUFBs for the first time. The lender is now offering, for properties with an A-C rated energy performance certificate (EPC), a five-year fix at 5.99% up to 80% LTV, with a 3% fee and 6.59% with no fee. For properties with a D-E EPC rating, the lender is offering 6.09% on a five-year fix at 80% LTV with a 3% fee, and 6.69% with no fees.

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