BuildLoan has improved its range of self and custom build mortgages with the launch of two products funded by Furness Building Society. The firm’s new deals offer loans up to £1m and up to five times the applicant’s income for those earning above £100,000, covering both employed and self-employed applicants. Furness lends to self-employed clients and and to company directors based on their salary and profit before tax, rather than focussing purely on dividends. As with all BuildLoan products, the firm confirmed that funds will be released in stages through the build, with stage releases being linked directly to the cost of each stage of work.

Fleet Mortgages has announced rate cuts across its entire fixed rate mortgage range for both 65% and 75% LTV. The buy-to-let (BTL) specialist lender confirmed that advisers can now access the new pricing, which has seen reductions of 20 basis points across the board. Rates now start at 5.49% for 65% LTV five-year fixes – available for standard and limited company borrowers – and 5.59% for 75% LTV, with a seven-year fix available at 5.63%. Fleet also confirmed that its five-year fix green mortgage product – available on properties with an EPC rating of C and above – maintains its 10 basis point discount and is available at 5.49% at 75% LTV.

Knowledge Bank has announced it will again be launching its ‘12 Days of Christmas’ campaign for the fifth consecutive year. The campaign will run for 12 working days between 1 December to 16 December, offering prizes to both existing subscribers and to those that are on a trial to the criteria search system during the period. Knowledge Bank confirmed that a daily winner is to be drawn each weekday morning throughout the campaign.

Newcastle Intermediaries has announced that it will be reducing its rates by up to 0.39% across its existing 80% LTV product range. The lender is also reintroducing a range of products at 60% LTV, including its remortgage exclusives and base rate trackers. Newcastle confirmed the updated range includes a remortgage two-year fixed rate at 5.49% up to 60% LTV. Also available is a two-year base rate tracker at 3.55% up to 60% LTV.

Landbay has announced it is repricing its standard two-year fixed rate buy-to-let (BTL) mortgage products. The specialist BTL lender has introduced a 65% LTV two-year fix at 5.24% and reduced its 75% LTV two-year fix by 40 basis points to 5.29%. Both these products have a 3% fee. Landbay managing director, Paul Brett, highlighted that the repriced five and two-year fixed rate options give brokers and their landlord clients more choices amid the uncertainty in the market around the “future direction of rates and when they will stabilise”.

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