Landbay has expanded its product range by introducing two new five-year fixed rate products with no product fees. The buy-to-let lender has added a standard product to its range at 5.69%, which is available at 75% LTV with a maximum loan size of £1.5m. Landbay has also added a five-year product which is also available at 5.69%, at 70% LTV with a maximum property value of £750,000. This product joins the new standalone range of AVM products, with rates starting at 4.29%. Both products are now live and can accommodate a minimum loan size of £65,000.

LiveMore has widened its criteria to offer intermediaries and their clients access to 100% debt consolidation on mortgages of up to £1m. The new product is available on the mortgage lender’s maximum LTV products, including standard interest only at 70% LTV, retirement interest only at 75% LTV and standard capital and interest at 85% LTV. There is now loan-to-income cap. LiveMore, which specialises in mortgage lending for people aged 50 to 90+, will continue to consider adverse credit, including mortgage and unsecured arrears, as well as county court judgements and defaults. The company also accepts earned income up to the age of 80 years old, including self-employed one-year accounts, as well as rental income and most types of pensions.

Hampshire Trust Bank (HTB) has appointed Scott Apps as its new head of distribution within its development finance division. As part of the newly created role, he will be responsible for expanding the bank’s share of the development finance market by overseeing its valued intermediary partners. Apps will also ensure that the bank’s proposition is further enhanced and will engage with both internal and external stakeholders to deliver HTB’s services to its brokers and their clients. He has worked in the specialist finance arena for over a decade and joined HTB’s development finance division in December 2021 as a business development director.

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