Landbay has announced the launch of new products, as well as a series of rate cuts across its two-year fixed rates on its premier range. Premier offers a range of standard products for landlords with up to 15 properties, available to both individual and limited company landlord borrowers. Offering simplified criteria and pricing for broader landlord borrowers, the two new 75% LTV products are available at 5.24% with no fee and 2.74% with a 5% fee. Furthermore, the buy-to-let (BTL) lender has cut rates on its existing premier 75% LTV two-year fixes by 0.5%, covering its two-year fix with a 1% fee option now available at 4.74%, a 2% fee at 4.24%, a 3% fee at 3.74% and a 4% fee at 3.24%.

LendInvest Mortgages has appointed Caelan Gokani as a new business development manager in its specialist bridging team. He joins the specialist property lender after starting in the bridging space as a business development executive at REIM Capital. He has also established Young People in Bridging after recognising a gap in advocacy among young professionals in the UK short-term property finance industry. The appointment comes as the BDLA reported another record-breaking year, with loan books surpassing £13bn.

Molo has reduced pricing across its UK BTL products by up to 10 bps on its standard BTL range and five bps across its specialist products. As a result, its new BTL rates start from 2.44% for a two-year fix, available to both individual and limited companies at 75% LTV, while five-year fixed rates start from 4.24%. Specialist product rates, including HMO, portfolio landlords, new build and holiday lets are available from 2.70% on two-year fixes and 4.49% on five-year products, with no premium for larger properties of six or more rooms/units. Rates for non-UK residents and expat borrowers remain unchanged at 5.84% and 4.75% respectively.

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