Iress has announced an enhancement to its Lender Connect capability within Xplan Mortgage, and expanded its current connectivity with Nationwide. Lender Connect is Iress’ API-based service that enables real-time connectivity between mortgage brokers and lenders. Fact find information from Xplan Mortgage will now be passed directly to Nationwide without the need to rekey data into Nationwide for Intermediaries (NFI) Online. Once submitted, Nationwide’s decision is returned directly into Xplan Mortgage, allowing brokers to review if necessary.

Landbay has launched a new suite of holiday let products for landlords. The buy-to-let (BTL) lender has introduced four new fixed rate options, all available up to 75% LTV. The suite includes a two-year fixed product with a 5% fee priced at 4.19%, alongside an alternative two-year fixed with a 3% fee at 5.19%. For landlords seeking longer-term certainty, there is a five-year fixed at 5.29% with a 5% fee, as well as a five-year option at 5.69% with a 3% fee.

United Trust Bank Mortgages has made several enhancements to its BTL mortgage proposition with immediate effect. The new BTL criteria applies to all purchase and remortgage applications and will see no upper limit on a landlord’s total portfolio size, up to six properties can now be mortgaged with UTB, and its maximum lending size has been increased to £2.5m.

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