Vernon Building Society has launched a new credit repair mortgage range designed to help borrowers who have experienced historic credit issues but are now in a stable position and ready to move forward. Sitting between prime and impaired credit, the products offer a pragmatic option for complex cases, with pricing that remains closer to the mainstream market than traditional sub prime. The range includes three products available for both purchase and remortgage, including a three-year discount at 5.16% with a £499 fee and a three-year fix at 5.29% with a £999 fee, both at 85% LTV on tier one. It also includes a tier two five-year fix at 5.49% at up to 80% LTV with a £999 fee. Tier two products can accommodate more severe or recent historic issues than tier one.

One Mortgage System (OMS) has appointed Jessica Tonczynski as customer relationship manager. She has joined the CRM and loan origination platform with more than a decade of experience across financial services, covering customer experience, digital change, investments and workplace inclusion. Tonczynski previously served as diversity and inclusion officer and customer experience analyst at Family Building Society. Prior to this, she spent seven years at Aviva where she was a digital consultant, senior investment administrator and investment administrator. At OMS, she will focus on strengthening relationships with clients, ensuring their feedback helps shape how the platform develops and is supported.

Foundation has reduced rates across its specialist buy-to-let range by up to 0.30%. The changes apply to a large proportion of its standard and large HMO/MUFB offerings, which now start from 4.24%. The lender has also introduced new two- and five-year fixed rate 3% fee products at 65%, 75% and 80% LTV for both standard HMO/MUFB properties. Short-term lets and holiday lets have also been reduced by up to 15bps, with rates starting from 5.99%. Foundation has also introduced two new fixed-rate products for expat borrowers on its F1 range at both 65% and 75% LTV options. Rates start from 4.39% on a two-year fix with a 3% fee, while its five-year option start from 5.09% with a 4% fee.

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