Castle Trust Bank has relaunched its ‘TermTen’ buy-to-let (BTL) product to offer brokers and their clients greater choice and more certainty. The revamped product now offers two arrangement fee options, giving brokers more choice in selecting the most suitable product for their clients. The first option has an interest rate of 7.15% up to 75% LTV, with an arrangement fee of 4.00% payable at completion, while the second option has an interest rate of 7.25% up to 75% LTV, with an arrangement fee of 3.50% payable at completion. Both options have a redemption fee of 1%.

Countrywide Surveying Services has created a new surveyor role. The position, residential property assessor (RPA), has been designed to increase business capacity, service growing client demand and attract new talent into the surveying sector. The firm’s RPAs have graduated from Countrywide’s surveyor training academy and have been active for the past four months. Countrywide confirmed is in the process of recruiting more trainees to join this scheme.

Central Trust and Mercantile Trust, the intermediary lending brands of the Norfolk Capital Group of Companies, have new announced changes to their lending criteria. For both lenders, the maximum LTV that each will offer in Northern Ireland has been reduced to 70% LTV, while the minimum valuation required throughout the whole of the UK has been increased to £75,000.

Hanley Economic Building Society has launched three new five-year fixed rate products. The first of these is a five-year fixed rate product with a headline rate of 5.85%, up to 95% LTV, available for purchase or remortgage purposes and comes with a valuation incentive. The second is a five-year fix with a headline rate of 5.60%, up to 80% LTV. This comes with a valuation/remortgage legals incentive, a £849 arrangement fee and is available for purchase or remortgage purposes. The final product is a five-year fix with a headline rate of 5.50%, up to 75% LTV, which also comes with a valuation/remortgage legals incentive, a £849 arrangement fee and is also available for purchase or remortgage purposes.

Buckinghamshire Building Society has re-entered the shared ownership market with a new product and expended criteria. The society has confirmed that its three-year discount rate product will be available without a product fee for both purchase and remortgage cases from today for properties across England and Wales.

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