Chetwood Financial has announced that it is rebranding as Chetwood Bank. The firm said the rebrand comes as a “new chapter in its mission to provide simple, effective financial products”. The move coincides with the launch of a new easy access savings account, which comes with “competitive rates”. The new saving account will be available alongside existing brands such as SmartSave, ModaMortgages and CHL Mortgages.

Tuscan Capital has launched an expanded product and service proposition to support a wider range of businesses seeking bridging finance. The move comes after it was acquired by challenger business bank, Allica, earlier this year. The new enhanced product offers improved LTV of 70% and loans of up to £10m. Furthermore, the firm will offer increased refurbishment capacity of 75% on loans up to £2m. Development exits are also available at up to £10m.

Melton Building Society has cuts rates across its buy-to-let (BTL) product range by up to 0.55%. The society has also increased its maximum loan sizes from £500,000 to £1m, allowing it to support a wider range of landlords. Melton now offers a BTL two-year fix at 5.15% at 75% LTV, previously 5.35%, with no application fees, a £399 completion fee and £250 cashback. The society’s family BTL two-year fix, also available at up to 75% LTV, has been cut by 0.55% to 5.40%. It comes with a £199 application fee, no completion fee and £500 cashback.

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