Landbay launched a number of its Premier range buy-to-let products in Scotland, following an initial phased rollout, making 75% LTV deals available to the whole broker market for landlords with up to 15 mortgaged properties, with two-year fixes from 3.14% (5% fee) to 5.64% (zero fee) and five-year remortgage fixes from 4.19% (5% fee) to 5.25% with free valuation and £500 cashback.
LiveMore cut its minimum borrower age to 40 from 50, expanding eligibility for its later-life lending products.
London Credit launched an enhanced refurbishment finance range for property investors across residential, semi-commercial and commercial properties, offering £150,000 to £3 million loans over three to 24 months priced from 0.85% per month, with day-one lending up to 75% LTV for light/medium residential and 70% for heavy, and up to 90% loan-to-cost, after a recent round of product changes.
Market Harborough Building Society enhanced its UK and expat buy-to-let ranges, including for high net worth borrowers, by raising the maximum loan size to £3 million, making up to 80% loan-to-value available on lower-rate tier 2 products, and expanding tier 2 eligibility to more scenarios such as non-standard income, complex properties and joint borrower sole proprietor cases.
Melton Building Society reduced rates across its fixed-rate Credit Repair mortgage range for borrowers with mild to severe adverse credit by up to 0.30 percentage points on two-year fixes up to 80% loan-to-value, all subject to a £199 application fee and varying completion fees.