Standard Life Home Finance has increased the maximum LTVs available across its horizon lifetime mortgage range from 49% to 51%, catering to a wider group of homeowners considering a lifetime mortgage. The range provides lifetime mortgage loans between £15,000 and £1.5m and is available as both a lump sum and drawdown basis. Alongside with increased LTVs, the horizon range offers downsizing protection from day one and low early repayment charges.

Precise has strengthened its bridging division with four new roles to support brokers looking for short term finance solutions on behalf of their customers. Davey Gurm, John Bremner and Jodie Worswick have been appointed as specialist finance account managers, whilst Amrit Kumar joins as a dedicated office-based business development manager. The appointments follow a number of recent proposition changes within Precise’s bridging range, which includes improved criteria around AVMs, which have helped to speed up caseloads as well as rate cuts and the launch of a developer exit product.

Molo Finance has reduced rates across its UK residential buy-to-let (BTL) mortgage products. Two-year fixes have been reduced by 0.10% to 3.03% and five-year products now start from 4.59%, which is a 0.14% cut. Both fixes are available for both individual and limited company clients. In the specialist BTL sector, five-year fixes for new build and holiday let properties have been increased by 0.10% to 5.08%.

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