LendInvest Mortgages has reduced rates on its two- and five-year buy-to-let (BTL) products by 10 bps.

As a result, the specialist lender’s lowest rates now start at 3.84%.

The rate reductions are available across new business, product transfers and bridge-to-let financing. The latter allows borrowers to apply to both a BTL and a bridging loan concurrently, providing property investors with the start-to-finish certainty needed to see a project through from inception to completion.

Hampshire Trust Bank (HTB) has appointed Nick Clayton as lending director within its development finance division, as the bank continues to expand its London and South East origination team.

He joins from Close Brothers Property Finance, where he spent more than a decade across a number of roles spanning origination, portfolio management and relationship management.

Most recently, Clayton served as business development manager, having previously held positions including lending manager and senior portfolio manager.

Darlington Building Society has reduced rates across its residential, specialist residential, shared ownership, BTL and holiday let ranges across its two- and five-year fixed products for both purchase and remortgage business.

As a result, its residential two-year fix starts from 5.09% at 80% LTV, while its specialist residential (visa) two-year fix is available from 5.99% at 90% LTV. Its shared ownership two-year fix is available from 5.79%, with two-year BTL and holiday let fixes starting from 5.49% and 5.59% respectively.

Pepper Money has announced a package of rate reductions across its residential and BTL ranges, alongside the recent launch of a new limited edition two-year fixed product.

The changes include cuts of up to 0.80% on Pepper 48 and Pepper 48 light two-year products, which now start from 5.75% and 4.64% on residential and BTL fixes respectively.

The lender’s new product comes with a dual rate structure designed to give brokers greater flexibility working through affordability. The product offers two options, one with a lower initial rate and a higher conversion rate to maximise borrowing power at the point of application, and vice versa, to reduce the ongoing cost once the fixed period ends.

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