Specialist lender, West One Loans, has announced it is reducing rates on its buy-to-let (BTL) lifetime tracker product range. The largest reduction is on the lender’s ‘Lifetime Tracker Standard W1’ product range, which has been reduced to 2.99%. This range tracks the Bank of England’s base rate with a margin of 2.24% and can be used on houses, flats and new build properties. Rates on the lender’s ‘Lifetime Tracker Specialist W1’ product range have also been reduced, with rates now starting at 3.24%. A new 80% LTV product has also been added to this range.

VAS Group has announced that it has been rebranded to VAS Valuation Group. The firm’s VAS Audit division has also been renamed VAS Assurance, as the business looks to reflect its current core service and offerings. The company has undergone several major developments since its inception in November 2015 when it was known as Valuation Audit Services (VAS). VAS Valuation Group said its name change has been designed to reflect a company that now employs over 30 people delivering across all lenders’ valuation requirements.

TAB has announced that it completed a record month in April, with the bridging lender revealing it completed 11 loans totalling £23.7m over the course of the month. The lender has now had over £40m of loans redeemed this year, has made £179m pounds of loans to date, and added that its loan book is now worth over £96m. TAB CEO and founder, Duncan Kreeger, said that the amount of data the lender is collecting is “deepening”, which is generating “meaningful insights” that are helping the lender to evolve to suit our clients’ needs.

Crystal Specialist Finance has launched a range of enhanced features to its CrystalHub Dashboard portal. The specialist finance distributor uses its own bespoke in-house system – CrystalHub – to offer online quotation, online application and a streamlined case management service. From today, a range of new enhanced features to CrystalHub have been introduced, including a new personalised dashboard, the introduction of an end-to-end case management journey, and a new document checklist.

The Nottingham has launched a new range of two-year fixed residential mortgages. The products are available at 80% LTV and above, with the society suggesting they could be the “perfect fit” for first-time buyers. The Nottingham’s head of mortgage product, Christie Cook, said that following the pandemic, many people are “re-evaluating their situations” and looking to remortgage onto cheaper deals, and suggested this is why the lender is remaining “agile” with its mortgage offering.

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