Santander has reduced rates on its recently launched My First Mortgage product, which helps customers borrow up to 98% LTV for less. Rates have been cut by 0.20%, meaning that rates now start from 4.99%. My First Mortgage was launched last month and is available for first-time buyers looking to purchase an existing home, with a minimum £10,000 deposit and borrowing up to £500,000. Alongside the new rate, the product continues to come with no fee and £250 cashback. Customers can apply exclusively via a broker or through a Santander adviser.

London Credit has cut rates on its residential bridging range by up to 0.10% per month, with pricing now starting from 0.55% per month. The lender has reduced rates across all residential LTV tiers up to 75%, strengthening its position in its short-term lending market and providing brokers with sharper pricing for their property investor clients. At the top end, 75% LTV pricing has reduced from 1% per month to 0.90%, while rates now start from 0.55% per month at 5-% LTV. London Credit provides bridging loans from £150,000 to £4m on residential, commercial and semi-commercial properties throughout England with terms ranging from three to 24 months.

Keystone Property Finance has strengthened its broker-facing team with two new regional business development manager (BDM) appointments and two senior BDM promotions. Tom Lawry has joined the specialist lender as BDM for the West Midlands from Birmingham Bank and James Harding has been appointed as BDM for the East Midlands, having previously worked at Paragon Bank. Existing Keystone BDMs, Mark Hindmarsh and Kevin Meredith, who cover the South East and North West respectively, have been promoted to senior BDMs, reflecting their regional impact and strengthening the lender’s senior distribution leadership.

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