Halifax Intermediaries implemented rate reductions on selected fixed-rate mortgage products — covering homemover, first-time buyer, remortgage, product transfer, and further advance ranges.
HSBC UK became the first lender to automate remortgage cases through LMS’s Decisioning and Automated Remortgage Technology.
Leeds Building Society cut mortgage rates by up to 22bps across its residential, shared ownership and buy-to-let ranges, with reductions including its Shared Ownership five-year fixed rate to 4.94% from 5.16% and its buy-to-let 5-year fixed rate to 4.67% from 4.89%.
Lloyds Banking Group launched a new low-deposit mortgage for first-time buyers across its Lloyds, Halifax and Bank of Scotland brands, requiring only a £5,000 deposit on properties up to £300,000, with a 5.89% fixed rate, no product fee, and a maximum 40-year term.
ModaMortgages launched a limited-edition five-year fixed-rate buy-to-let range, with rates starting at 5.14% for single-dwelling properties and 5.24% for HMO and multi-unit freehold block properties of up to six bedrooms or units, available at 75% and 80% LTV to individual and limited company landlords, with free valuations included.