News in brief - 8 January 2025

CHL Mortgages has launched a limited edition range of two and five-year fixed rate standard and HMO/MUFB buy-to-let (BTL) products. The new range features standard two-year fixed rates starting from 4.03%, while standard five-year fixed rates are available from 4.76%, with 70% and 75% LTV options available. HMO/MUFB products for properties up to six bedrooms or units with two-year fixed rates start from 5.56%, with 70% and 75% LTV options available. All products are available to individual and limited company landlords and feature a range of product fees, including a fee free option.

Landbay has made reductions of 0.10% on its limited edition range, which is now available for remortgage and new purchase customers. On the lender’s limited edition standard five-year fix, rates start at 4.79% and 5.39% at 75% LTV with a 5% and 2% fee respectively. On Landbay’s AVM five-year fix at 65% LTV, rates are available from 4.59% and 5.39% with a 6% and 2% fee respectively.

Afin Bank has unveiled its new central London headquarters ahead of its planned product launch later this year. The new office at 10 Chiswell Street, which is close to Moorgate and Liverpool Street stations, will be home to the bank’s corporate functions, including finance and compliance, as well as the IT teams that are developing the bank’s systems and mobile app. The launch of the London headquarters comes after Afin opened its centre of excellence in Birmingham in December.



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