Selina Finance has increased the maximum LTV on its status 1 products to 85%. The lender said that this update broadens access for borrowers, particularly those with minor credit issues and provides brokers with flexibility to meet client needs. These products are designed to assist borrowers with specific adverse credit histories, such as one missed payment on secured debt, up to two missed payments on unsecured debt within the past year and one unsatisfied county court judgement greater than £500 in the last 24 months.

CHL Mortgages for Intermediaries has expanded its limited edition buy-to-let range to include products with higher fee options to help more landlords access its higher LTV mortgages. The range now features new 6% and 7% fee options on its two-year range and a new 6% fee option on the five-year range, all at 75% LTV. Rates for standard two-year fixed products start from 3.12%, with five-year products starting from 4.76%.

MPowered Mortgages has launched a voice activated digital assistant than brokers can use to get answers in real-time to criteria related questions. Similar to well-known voice activated assistants, such as Alexa or Siri, a question and answer can be delivered quickly, with MPowered’s new assistant able to answer questions relating to its lending criteria. All the caller has to do is call the phone number used to reach the digital assistant. MPowered has invited its network of brokers to participate in a soft launch of the new digital assistant, which involves them called an AI-powered phone line and sharing their feedback.

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