MPowered Mortgages has reduced rates for the fourth time this month. The reductions are focused on a number of core rates in two, three and five-year products, that are the most popular options selected by borrowers. In two-year £999 purchase products, all rates from 60% through to 80% LTV have been reduced, with rates now starting from 4.57%, while three-year £999 purchase products have been reduced in the 65% to 80% LTV brackets. For remortgages, the focus is on zero fee options, with five-year 60% LTV zero fee with legal fee saver now starting from 4.30%.

Foundation Home Loans will now accept consumer buy-to-let (CBTL) mortgages as standard criteria across its Buy to Let by Foundation and Solutions by Foundation product ranges. Typical scenarios of a CBTL are a property inherited from a relative, applicant/customer moved in with a partner and wants to let out the property, the applicant/customer is moving for work but wishes to keep and let out their property, and the applicant/customer is remortgaging their current main residence to a buy-to-let mortgage, raising capital to purchase a new main residence. CBTL only applies to individual applicants who are remortgaging their properties. It is not applicable to limited company or portfolio landlord applications.

Castle Trust Bank has strengthened its marketing team by appointing Anish Vyas as a senior marketing executive. The firm said that he will bring extra capacity to the firm’s marketing team, using his experience to help expand its digital marketing proposition across property, savings and omni capital. Vyas brings over eight years’ experience in marketing and business development, having most recently served as head of global marketing at NSC Global.

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