Leeds Building Society has appointed Lee Nicholls as business development manager (BDM) for the Midlands.

He joins the society with over a decade of financial services’ experience.

Nicholls has spent time as a mortgage broker, and has worked in business development for Coventry and Earl of Shilton Building Societies over the past four years. In his new role, he will support intermediaries across the West Midlands.

Molo has reduced rates on its UK resident buy-to-let (BTL) and HMO/MUFB products by up to 10 bps, while also cutting its standard BTL range by up to five bps.

As a result, its UK resident BTL product starts from 3.05% on a two-year fix at 75% LTV, while five-year fix starts from 4.75%. On its HMO/MUFB range, two- and five-year fixes are available from 3.16% and 4.84% respectively.

Gatehouse Bank has updated its criteria to remove deposit requirements for home purchase plan (HPP) customers who are buying a home at undervalue from a family member using discount family purchase.

Previously, the bank required customers who were buying a property in this way to contribute a minimum 5% deposit from their own personal funds.

However, it will now accept HPP applications with no minimum deposit requirements up to a maximum FTV of 75% LTV.

ModaMortgages has cut rates on its limited edition two- and five-year BTL products by up to 20 bps.

As a result, products now start from 3.34% for single dwelling properties and 3.44% for HMO and MUFBs up to six bedrooms or units.

Products are available to individual and limited company landlords up to 80% LTV, with a choice of fee options and free valuations offered across the entire BTL range.

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