Fleet Mortgages has announced the launch of a new range of 65% LTV mortgage products. The new standard and limited company rates start at 4.89% on a five-year fix with a free valuation and a £1,499 fee, while its two-year limited company product starts from 4.74% with a £1,499 fee and 5.19% with no fee. Its HMO/MUFB five-year fix is also available at 4.89% with a 3% fee, while its two-year fix starts from 5.49% with no fee, and both products come with £1,000 cashback. Furthermore, the buy-to-let (BTL) lender has cut rates on its two-year 75% LTV products, with pricing starting at 3.69% on standard and limited company products and 3.99% on HMO/MUFB rates, both with a 3% fee.

Paradigm has promoted Richard Howes to the newly created role of managing director within its Paradigm Mortgage Services business, following a review of operations including its distribution. In his new role, Howes will work on driving growth across the business, building on the strength of the existing partnerships with member firms, strategic partners and suppliers to help expand the Paradigm proposition to benefit all stakeholders. He previously served as director of mortgages. Howes joined from Paradigm Mortgage Services in July 2021 from Santander for Intermediaries, where he led key account management functions.

Paragon Bank has improved its new build BTL proposition to support landlords investing in new, energy efficient homes. Landlords purchasing new build properties can now benefit from the certainty of BTL mortgage offers than are valid for six months, up from three previously. Landlords can now request that the selected product is retained for a further three months beyond the original six month offer of loan validity to offer greater flexibility. Beyond six months, a physical reinspection and reassessment of the application will be required. The improved proposition means that houses being purchases off-plan or part build, that are developed by a national housebuilder, will not require further physical internal property reinspection. The announcement comes as Paragon launched a new broker portal dashboard to bring together everything brokers need to apply, track and manage cases faster than before.

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