Rely has launched a new limited edition product range for landlords with 11+ properties, offering 40 bps lower than comparable products in the standard range.

The products are available on two- and five-year fixed rate options with a 5% fee at 75% LTV.

Alongside the limited edition range, there are also new low LTV products for any portfolio landlords with four or more mortgaged properties, available at 60% and 65% LTV, with discounts of up to 15 bps against current equivalent standard products.

Newcastle for Intermediaries has enhanced its Affordability Boost proposition by extending it to eligible new build purchase applications up to 95% LTV, helping more borrowers to overcome affordability.

The enhancement is designed to support eligible first-time buyers, home movers and existing customers purchasing a new-build property.

Affordability Boost enables customers selecting a qualifying longer-term fixed rate mortgage to benefit from an affordability assessment aligned to the product’s longer-term payment certainty. The extension to 95% LTV new build purchases aims to support customers who are ready to buy but may be constrained by affordability challenges or the size of their available deposit.

Vida Homeloans has launched a new repayment option, Part and Part, to boost borrower affordability.

The firm said the launch reflects how it continues to innovate its specialist product offering to address affordability by offering brokers greater flexibility when supporting customers with a wide range of borrowing needs and future financial plans.

The enhancement allows residential mortgages to be split between Capital & Interest and Interest Only repayment methods within a single mortgage, creating more tailored solutions for borrowers who may benefit from lower initial monthly payments while still reducing their mortgage balance over time. The Interest Only element will be available up to a maximum of 75% LTV, with overall lending available up to 97% LTV.

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