News in brief - 1 May 2025

Atom bank has reduced rates again on its prime residential mortgage range by up to 0.20%. The cuts have been made across the digital bank’s suite of two-, three- and five-year fixed rates, with the largest cuts being applied to those at 95% LTV. Rates on two- and three-year fixed rates start from 5.14% at 95% LTV with no product fee, while five-year fixes are available from 5.09%.

7IM has appointed Nick Allen to the newly created role of chief integration officer, as the firm looks to execute its growth strategy. He brings over 30 years of financial services to the position, joining from Schroders Personal Wealth, where he served as chief operating officer. Prior to this, Allen held a number of senior leadership positions, including chief operating officer for group transformation at Lloyds Banking Group. As part of his new role, Allen will play a part in the onboarding and harmonisation of recent and future acquisitions.

Keystone Property Finance has made reductions of up to 0.10% on selected rates. The buy-to-let lender’s standard and specialist fixes start from 3.04% and 3.09% respectively at 70% LTV, while its refurb to let and ex-pat rates now start from 4.69% and 4.54% respectively at 65% LTV. Furthermore, holiday let and product transfer products both start from 4.69%, while its switch and fix product start from 6.04%, all available from 65% LTV.



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