Pepper Money has launched a new HMO product to support the landlord market. The new HMO offering will allow limited companies and landlords with at least 12 months of homeownership experience to mortgage and remortgage on new and existing HMO houses of up to six bedrooms, provided the property is appropriately licensed at the time of completion. The product is available on portfolios of up to 10 properties, with rates starting at 5.19% at up to 75% LTV on properties with an EPC rating between A-C.

Nationwide has reduced rates by up to 0.12% across selected two-, three- and five-year fixed rate products, with the lowest lending rate standing at 3.90% on its two-year fix at 60% LTV with a £1,499 fee. For new and existing customers moving home, two-year fixes at 75% LTV start from 4.04% with a £999 fee. Five-year fixes at 85% LTV start from 4.29% with a £999 fee. For remortgage customers, two-year fixes at 60% LTV start from 3.92% with a £1,499 fee. Three- and five-year fixes are available from 4.47% at 75% LTV and 4.52% at 85% respectively, both with no fee.

Masthaven Finance has appointed Tony Grillo and Gary Melville to its business development team. Grillo joins the firm as senior business development manager (BDM), while Melville will serve as internal BDM. Grillo brings over two decades of experience in relationship management to the firm, joining from Together, where he worked as senior BDM. As part of the role, he will work to develop new broker relationships and enhance existing partnerships. Melville joins from West One Loans and as part of the role, he will support more brokers in accessing finance solutions more efficiently.

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