LiveMore has increased its maximum loan value across its core range of products from £1m to £1.25m. The mortgage lender for people aged 50 to 90+ has also increased the amount and types of permissible adverse credit. The borrowing increase applies to LiveMore 1, 2, and 3, as well as the recently launched up to 100% debt consolidation product. Intermediaries with customers who want a loan greater than £1.25m can seek a referral through their LiveMore business development manager (BDM). The increase in maximum adverse credit applies to LiveMore 4, as an increase from three to four missed payments on unsecured arrears, a rise in the value of permissible satisfied county court judgements and defaults from £1,500 to £2,500 and the allowance of a debt management plan if satisfactorily maintained and over three years prior to application.

CHL Mortgages has launched a limited edition range of two-year fixed products. The new range features products for both individual and limited company landlords with rates from 4.32% at 75% LTV, with a choice of either a 2% or 5% fee. Landlords looking to invest in HMOs or MUFBs with up to six bedrooms or units can also gain a rate of 4.33% at 75% LTV with a 5% fee. The lender has also recently announced that it was cutting rates across its entire BTL range to help brokers support even more of their landlord clients in achieving the best deal.

Buy to Let by Foundation has launched a new limited-edition, five-year fix. Available within its F1 tier, for client landlords with an almost clean credit history, the new product is available up to 75% LTV and has a rate of 5.74% with a 1.75% fee. It is available for individual, portfolio and first-time landlords, for both purchase and remortgage activity, and comes with a rental cover ratio of 125% at pay rate for limited company and basic-rate taxpayers, and 145% for higher-rate taxpayers. The launch follows BTL by Foundation’s refresh of both its core and special buy-to-let (BTL) products at the end of last month, including the introduction of a 4.99% five-year fixed-rate mortgage for portfolio landlords, and reduced rates across both F1 and F2 fixes.

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