News in brief - 29 October 2024

MPowered Mortgages has cut its two-year fixed rate range by up to 30 basis points. This follows the lender cutting its three-year rates by an equal amount, with rates now starting from 3.93%. Two-year rates for new purchase customers now start from 4.11%, while remortgage rates now start from 4.29%. Both products are available at 60% LTV and comes with a £999 product fee.

Black & White Bridging has appointed Najma Hashime as its new lending manager. Her appointment comes as the lender looks to expand its lending capabilities to meet increasing demand from brokers and clients. She brings "extensive experience" in the lending sector and will be based in the firm’s London office, where she will manage the company’s growing origination pipeline.

Marsden Building Society has increased the maximum LTV on its selected residential mortgage products for expats. The society has increased its borrowing amount on selected residential repayment mortgages from 80% to 85% LTV. This follows several criteria changes by the lender to make its residential expat range more accessible, including accepting British national overseas persons, foreign nationals and applicants with skilled worker visas. In addition to increasing the available LTV, the society is also offering free valuations on expat residential cases up to £500,000 and fee-assisted legals on remortgage cases.



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