CHL Mortgages has announced new rates reductions to the pricing of its two and five-year fixed rate products. The lender’s five-year fixed rates on its core range are available for individuals, limited companies, HMOs, MUFBs and short-term-lets. Rates now start from 5.37% for individual and limited borrowers. CHL also confirmed that its small HMO and MUFB five-year fixed rates now start from 5.42%, while the large HMO and MUFB five-year fixed rates start from 5.47%.
Gatehouse Bank has announced an increase to rates on its one-year, 18-month and two-year Woodland Saver Fixed Term Cash ISA accounts. The biggest increase in expected profit rates applies to the Bank’s 18-month Woodland Saver Cash ISA account, which has risen by 0.2 percentage points to 3.95%. This also coincides with the relaunch of Gatehouse’s Easy Access savings account and Easy Access Cash ISA, which hold an expected profit rate of 3.00% and 2.90%, respectively.
LiveMore Capital has announced the appointments of three new sales staff as it continues to grow the firm. Matthew Butt has been appointed as business development manager for London and the home counties, George Collins is the new telephone business development manager and Dave Whitford has taken on the role of telephone sales manager.
Specialist short-term lender, Hope Capital, has launched two new products, “Bridge 2 Let” and “Term 2 Rent”. The Bridge 2 Let product targets clients who are looking for surety of exit for their bridge which also provides them with the opportunity to capital raise at the point of switching, while the Term 2 Rent offering targets borrowers who are looking for a fixed term solution without the need for ICR calculations.
MPowered Mortgages has reduced rates across its suite of two and five-year fixed products. On its prime two-year fixed products, the lender’s rates have seen reductions of up to 0.31%. MPowered confirmed that rates now start at 4.54% on purchases, and 4.39% for remortgages, with a £1,999 arrangement fee. For consumers looking for a two-year fixed product without an arrangement fee, rates now start at 4.94% for both purchases and remortgages.
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