Atom bank is now offering its range of commercial mortgages with fixed rates from 5.75%. The range includes business banking secured loans (BBLS) and recovery loan scheme (RLS) products. BBLS fixed rates are available with commitment terms from two to seven years, with rates starting from 5.75% up to 45% LTV. Fixed rates are also available from 6.15% and 6.56% at 60% and 75% LTV respectively. The range of RLS products are also available for fixed rates of between two and six years. Atom bank is also offering commercial mortgages up to 75% LTV for loan sizes up to £1m, and up to 70% LTV for loans larger than £1m.

Hanley Economic Building Society has ramped up its first-time buyer (FTB) offering by reducing the rate on its two-year 95% LTV fee-free fixed rate by 0.70%. This now has a rate of 5.69%, down form 6.39%, and is available up to 95% LTV. In a bid to further assist FTB’s, the product comes with no upfront fees, including a free valuation alongside no application or arrangement fees. The two-year fix is applicable for properties throughout England, Wales and Scotland (Scottish Islands by referral) has a minimum loan amount of £30,000 and a maximum loan amount of £500,000. Each case will be assessed on an individual basis by the in-house underwriting team, meaning no credit scoring, and these products are available through the Hanley Economic Building Society branch network and selected intermediary channels.

Countrywide Surveying Services (CSS), supplier of property risk management, valuations and customer surveys in the UK, has announced that it has renewed its ongoing partnership with Santander UK through a contracted appointment to continue as the bank’s lead valuation provider. CSS began its relationship with Santander in 2014 and has gone on to hold the position of lead valuer. In addition, CSS provides support on buy-to-let and an energy performance certificate assessment service for the lender.

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