News in brief - 1 March 2024

Buy to Let by Foundation has announced two new HMO fee-assisted products. The new HMO products, from the buy-to-let (BTL) branch of Foundation Home Loans, come with a 1.25% fee, a free valuation and no application fee. They are available up to 75% LTV, with the two-year fix having a rate of 6.69%, while the five-year fix is available at 6.39%. The lender has also released its new F1 standard BTL products, which is available for clients with an almost clean credit history. The two- and five-year fixes come with a 1.5% fee.

Hampshire Trust Bank (HTB) has promoted Rob Syrett to the role of head of origination within its development finance team. In his new role, he will take responsibility for driving and delivering new development business. Syrett will lead and grow HTB’s specialist team, including its lending directors who work closely with all existing and new-to-bank development finance clients. He brings 25 years’ experience to the role, having joined HTB as a lending director in September 2022. Previous roles include development finance recovery and work-out, while his previous experience in originations saw him manage deals up to £30m.

LiveMore has expanded its business by appointing a new propositions team. Samantha Ward is now head of proposition strategy and development at the firm, after consulting with LiveMore for the past six months. Prior to LiveMore, she was at Dudley Building Society for 21 years, most recently as commercial director. Tim Wellard, who was previously the product manager in the mortgages team, has been promoted to the position of proposition manager and will be recruiting a third person to work on propositions and development. As part of their respective new roles, Ward will lead the development of products and ownership of credit risk, while Wellard will develop new propositions. The third role that has been created will focus on the pricing and development of existing propositions.



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