News in brief - 7 July 2025

Darlington Building Society has launched new five-year fixes on its buy-to-let (BTL) range and has also increased the maximum LTV from 75% to 80%, including for expat borrowers and holiday let investors. The society's BTL five-year fix now starts from 5.19%, while five-year expat BTL and holiday let products are both available from 5.49%. All products come with a £999 fee and benefit from a reduced ICR stress rate of pay rate plus 1%. The Darlington’s BTL criteria also remains in place, including no minimum income requirement, first-time buyer and first-time landlord eligibility, up to 90 days of personal use for holiday lets and remortgage options for former residential properties.

Hinckley & Rugby for Intermediaries has made four internal promotions within its sales and distribution team. Lizzie Atkins has ben promoted from internal sales team leader to sales team manager, and brings several years of experience at the society to the role. In the role, she will lead the day-to-day management and development of the internal sales function. Sophie Hancock has been appointed as field business development manager (BDM), after previously serving as a telephone BDM, while Lauren Bayliss has been promoted from telephone BDM to senior telephone BDM. Robin Thira has also moved from a business development assistant role into a new role as a telephone BDM.

Pepper Money has enhanced its criteria for UK visa holders by accepting their incomes on applications up to 75% LTV. This will provide UK visa holders with direct access to the lender’s residential product offering when at least one applicant has a permanent right to reside. UK visa holders must be able to provide a minimum two-year UK employment history, when income is used in support of the application, reside in the UK and have a UK address history for the last three years. Mortgages are available to those on tier one entrepreneur visas, tier two skilled workers visas, senior or specialist worker visas, health and care worker visas and family visas.



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