Selina Finance has announced new changes to its product offering with the introduction of a new homeowner loan and a ‘Status 1’ adverse plan, alongside its existing flexible home equity line of credit (HELOC) loan. The Selina Homeowner Loan is a traditional secured loan and follows the firm’s lending criteria and its online, paperless application process. Selina’s loans are available on variable, two or five-year fixed rates, up to a maximum LTV of 85%. Variable rates start at the Bank of England’s base rate + 5.00%, and fixed rates are available from 10.00%.

Newcastle Intermediaries has launched a new shared ownership proposition to the market, introducing a range of products that support first-time buyers and borrowers with limited affordability. As the latest addition to the lender’s product portfolio, the scheme enables those with smaller deposits to own a home by supporting them with purchasing a percentage of a property and to pay rent on the remaining share. Up to 95% LTV of the borrower’s share, the products are available to those with a maximum household income of up to £80,000, or £90,000 in London.

MPowered Mortgages has announced it is launching new residential three and seven-year fixed rate mortgage ranges. These new ranges will be available for both purchase and remortgage customers. MPowered said the new products add to its existing range of fixed rate residential mortgages, including its two, five and 10-year fixed rate mortgages. This launch follows the lender announcing that it cut rates across its two, five and 10-year range by up to 76 basis points last week.

Zephyr Homeloans has launched a new five-year fixed mortgage product. The specialist buy-to-let (BTL) mortgage provider confirmed it is offering 7.10% on a five-year, fixed rate, standard BTL mortgage product at 65% LTV for properties with an A to C rated energy performance certificate (EPC). The offering comes at 7.20% on properties with an EPC rating of D and E, and Zephyr revealed that both offers include standard flats above commercial properties.

Precise Mortgages, which is part of the OSB Group, has launched new buy-to-let (BTL) lifetime tracker products, available up to 75% LTV. The move follows Precise’s release of fixed rate limited edition BTL products last week. The lender said that it has designed its new range to help brokers and their landlord customers with alternative BTL lending solutions which can help around affordability as well as tracker products for customers looking to remain flexible in the current economic climate.

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