Accord Mortgages has announced it is re-entering the 80% loan-to-value (LTV) buy-to-let (BTL) lending space for the first time in seven months. The lender has launched a new range of BTL new business products for landlords with 20% deposits, for both house purchase and remortgage. Accord revealed that the new products on offer include a variety of two and five-year fixes as well as Bank of England base rate trackers, with options in each category for house purchase and remortgage.
The Conveyancing Association has launched a new guidance document for conveyancing firms which addresses The Building Safety Act and Building Safety (Leaseholder Protection) (England) Regulations 2022. Leaseholder protections outline the need for a Leaseholder Deed of Certificate and Landlord Certificate and apply to buildings at least 11 metres or five storeys, while a new regulatory framework applies to buildings over 18 metres with a special role for the Buildings Safety Regulator. The Association said its guidance has been created to provide conveyancing firms with details on what the Act and Building Safety Regulations currently contain, and what they should consider in light of its enactment into law.
Pepper Money has launched a new range of specialist mortgages for customers who are buying a home using the Right to Buy scheme. The mortgages will allow eligible council and housing association tenants in England to buy their home with a discount of up to £96,010, or up to £127,940 if living in London. Each proposition within Pepper Money’s affordable homeownership range features broad, inclusive criteria, with carefully curated products to meet the specific requirements of the individual schemes.
Precise Mortgages, which is part of the OSB Group, has launched a new range of residential products combining lower rates with a wider choice to help brokers support clients who have adverse challenges. Highlights of the lender’s new range include reduced rates now starting from 5.39%, as well as products which now feature refund of valuation – maximum of £630 – as well as £300 cashback and no product fees. These products are available for both purchase and remortgage.
Saffron Building Society has announced a raft of product relaunches and refreshed across its full portfolio, ready for the key spring house market season. One of the key highlights is the reintroduction of the society’s first-time buyer two-year fixed-rate products, which will offer this crucial group of buyers a choice of shorter fixes alongside its current five-year fixed-rate products. Saffron has also reduced the rate on its 75% LTV self-build product and is publishing a new self-build guide to help brokers better understand the area and assist with the application process.
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