Chetwood Bank has combined its ModaMortgages and CHL Mortgages for Intermediaries’ sales teams as it looks to develop its multi-brand strategy. The new structure will be led by two national sales managers, one of whom will provide key account relationship support by leading a team of five field-based business development managers (BDMs). The national sales managers and BDMs will also be supported by two telephone BDMs. The combination is set to give the BDMs the ability to help brokers to place cases from across ModaMortgages’ and CHL’s respective product ranges and provide more support for intermediaries and their clients.

Darlington Building Society has launched a new suite of five-year fixed rate products under the new Own New rate reducer scheme, offering up to 95% LTV for new-build purchases. The products are available to a range of borrowers, including first-time buyers, skilled workers and those on visas, and are delivered in partnership with Own New. Products are available at 4.49% and 4.19% with a 3% and 5% developer incentive respectively. On its visa-specific options, rates start from 4.99% and 4.69% with 3% and 5% incentives respectively.

LiveMore has increased its lifetime LTVs by 1.75% across its mortgage products for people aged 50 and over. The move is part of the firm’s commitment to support brokers and widen access to later life lending. As a result, for customers aged 80, the LTV has increased from 49.75% to 51%, while for those aged 70, LTVs have increased from 39.25% to 41%. For customers aged 55, rates now start from 22.25% to 24% LTV. These enhancements do not apply to LiveMore’s premier, property+ or LTV1 tiers.

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