Suffolk Building Society has reintroduced a number of two-year fixed rate products to its range. The society is seeking to offer more choice to brokers and their clients, and support buyers with a smaller deposit via a 90% LTV residential mortgage. The offering includes a two-year residential fix at 6.49%, which is fixed until the end of 2025, reverting to SVR minus 1.74% until the end of March 2029 with a 3% floor. The product is available at 90% LTV, with minimum and maximum loans of £75,000 and £500,000 respectively, with an application fee of £199 and completion fee of £999. A two-year fixed buy-to-let (BTL) rate is also available at 6.59%, fixed until the end of 2025, then reverting to 80% LTV, with a maximum loan of £1m. Expat BTL, holiday lets and expat holiday lets are also available.

Hampshire Trust Bank (HTB) has completed on a £3.6m finance package following an introduction from Callum Taylor of Portway Finance. The package included a £900,000 residential refurbishment bridge and a £2.7m BTL mortgage of a seven-bed HMO. The refurbishment was experiencing planning delays as well as difficulties with the original bridging lender, leaving the client to sought an alternative solution. By releasing equity from their wider investment portfolio, the client could repay the existing lender and continue with their refurbishment plans, with HTB providing its range of property expertise.

Loan.co.uk has appointed Philip Bailey as its new partnerships director. The appointment comes as the fintech broker enters into its next phase of strategic growth, boasting more than 110 employees, with 30 in its technology department. Bailey, who is one of a number of appointments aimed at further enhancing the firm’s leadership team, brings 15 years of experience to the role, having previously worked at Legal & General, Twenty7Tec and Meet Parker.

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