ModaMortgages has expanded its 80% LTV offering by launching a range of limited edition products with a 5% fee option. The launch sees the addition of two new 80% LTV products to its single dwelling range, including a two-year fixed rate at 3.59% and a five-year fix at 4.99%, both with a 5% fee option. The range also features two new 80% LTV small HMI and MUFB products at 3.69% and 5.09% at two- and five-year fixes, again with a 5% fee option. The launch follows the recent introduction of 3% and £1,999 fee options to the lender’s 80% LTV range. Landlords can also opt for a 0% fee.

PEXA has appointed Rob Hosier as head of conveyancer relationships. His appointment follows the launch of the full PEXA platform, including sale and purchase, to the UK market. Hosier will oversee the management and growth of PEXA’s relationships with all conveyancers, leveraging his network to showcase the advantages of the platform. He brings over 18 years of experience in the conveyancing sector, joining PEXA from inCase, where he served as a director since December 2017. Prior to this, he spent 12 years at Convey Law as a director, and before that he was a conveyancer at Loosemores Solicitors.

Chetwood Bank has announced that all brokers will receive a full procuration fee when it launches product transfers across its ModaMortgages and CHL Mortgages for Intermediaries brands. The UK-based challenger bank, which has disclosed that brokers will be paid the same procuration fee for repeat business as they would when placing a new case, is urging brokers to keep up-to-date with the latest developments by registering with both lenders as soon as possible. Chetwood Bank said the move reflects the work that is often required when completing a product transfer.

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