Pepper Money has repriced its range of affordable housing, residential and buy-to-let mortgages in response to rising swap rates. The specialist lender confirmed it is to increase rates across its residential fixed rate range by an average of 0.64% in line with the rising rate environment. Brokers who have an existing decision-in-principle on Pepper Money’s old range will have seven days from today to submit a full mortgage application in order to secure the rate.

eConveyancer has launched a new panel management partnership with TMA Club. The agreement will give directly authorised brokers who are members of TMA Club access to eConveyancer’s panel of more than 70 audited and benchmarked conveyancing firms, as well as access to additional benefits through its platform. These features include DigitalMove, which brings together key stakeholders in the home buying and selling process in a digital process that improves communication and reduces transaction times.

LiveMore Capital has confirmed it is shortening the early repayment charges (ERCs) on its long-term fixed rate mortgage range for those aged between the ages of 50 and 90. The new ERCs have been shortened on LiveMore’s 10-year, 20-year and fixed for life products. Borrowers will now have the option to end the mortgage early with no penalty if their circumstances change or they wish to refinance to another lender. All ERCs will be visible on mortgage sourcing systems, LiveMore confirmed.

Impact Specialist Finance has been added to the packager panel of Paradigm Mortgage Services. As part of the arrangement, Paradigm member firms and their advisers will be able to use Impact’s referral service in order to introduce relevant clients, such as those with complex needs or where the firm doesn’t have the relevant permissions. Referrals can be accepted for both regulated and non-regulated cases across bridging, specialist lending, buy-to-let and commercial. Paradigm currently has a membership in excess of 1,600 directly authorised firms representing over 3,000 advisers.

Newcastle Intermediaries has launched a new 10-year interest only mortgage product to increase long-term borrowing options. The 10-year interest only fixed rate at 3.55% comes with early repayment charges of 5% until 31 August 2028, 4% until 31 August 2029, 3% until 31 August 2030, 2% until 31 August 2031 and 1% until 31 August 2032. Available at up to 80% LTV, Newcastle confirmed the product is available on house purchases and remortgages up to £1m, comes with a £999 completion fee and offers the flexibility of 10% overpayments per annum.

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