News in brief - 10 May 2024

Buy to Let by Foundation has launched its new short-term holiday let products and has also cut fees across a range of buy-to-let (BTL) products. The BTL brand of Foundation Home Loans has launched fee-assisted, two- and five-year fixed rate products for short-term let properties, available up to 75% LTV with rates starting at 6.79% with a 1.25% fee. It has also launched a two-year holiday let product, available at 6.99% up to 70% LTV with a 2% fee. In addition, the lender has also cut the fee from 1.75% to 1% on its F1 five-year fixed ERC3 product, which only has early repayment charges for the first three years of the five-year fixed period. It has also cut fees from 1.5% to 1.25% on its F2 large portfolio for two- and five-year fixed products.

OSB Group has strengthened its sales team via internal promotions. Pete Coombes has moved from field-based business development manager (BDM) to bridging specialist, while Jack Cope will be filling the field-based BDM position, progressing from office-based BDM. Coombes has been a BDM at OSB Group for just over five years, and prior to this, he was a broker. He joins the bridging team led by head of specialist finance, Marc Callaghan, which supports brokers and their clients. Cope started his career in financial services in 2021, when he joined OSB in broker liaison before progressing to an office-based BDM in 2022.

Property Circle has appointed Andy Tyler to lead client services as head of training and customer success. He will report to Property Circle’s chief executive officer, Marc Randall, and brings a background in estate agency and IT training to the firm. He joins from Reapit, where he spent over 15 years training and coaching estate agents on Repait’s end-to-end technology platform. His new role is to help onboard brokers and estate agents who have signed up with Property Circle and make sure they are comfortable with how the firm’s platform works and help them make the most of the sales opportunities that the platform identifies.



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