News in brief - 8 May 2025

Aldermore has launched a range of new zero fee limited edition buy-to-let (BTL) products for landlords. For individual and company landlords for single residential investment properties, two- and five-year fixes are available at 6.09% and 5.79% respectively. For multi-property mortgages for individual and company landlords with residential investment properties, two- and five-year rates start from 6.04% and 5.74% respectively. All products are available at up to 75% LTV.

Atom bank has reduced rates on its commercial investment fixed rate mortgages. The cuts vary in size based on the LTV product band. On products less than 45% LTV, rates have been reduced by 0.11%, while those between 70% and 85%, rates have been cut by 0.40%. As a result, fixed rate products now start at 5.92%, while variable rate mortgage are unchanged. A further 0.25% reduction is available on all loans between £1m and £4m.

Lloyds Banking Group has appointed Frances Cassidy as its new head of strategic and technology partnerships, following the departure of Claire Cherrington in March. Cassidy joins the group from Barclays, where she is currently head of mortgage intermediary partnerships. She brings 20 years of financial services experience to the role, after starting her career at Chelsea Building Society, before moving to leadership roles at Principality Building Society, Countrywide and Kensington Mortgages.



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