The Cumberland for Intermediaries has cut the remortgage fee on all core holiday let products from £999 to £299. The change applies to brokers working with clients who own a holiday let properth within sole trader or partnership entities with three or less mortgaged properties within their ownership. The fee reduction has been introduced to make it easier for holiday let owners to secure financing without higher upfront costs.

The Financial Conduct Authority (FCA) has authorised Islamic property finance fintech, Offa, to provide home purchase plans (HPPs) for customers across the UK. The authorisation will allow the firm, which has been expanding via acquisitions, staff hires and product launches, to become the third active provider of HPPs in the market. It is another achievement for Offa, after the firm launched the first Sharia-compliant buy-to-let product in the UK.

Invesco has promoted Georgina Taylor to the role of head of client investment solutions, EMEA, having previously served as head of multi asset solutions, UK. In her expanded role, Taylor will help drive Invesco’s strategic focus on delivering tailored multi asset solutions for its clients across the EMEA region. The asset manager has been simplifying its global structure to ensure efficient collaboration across teams and regions, as well as deliver a co-ordinated process to best support its clients.

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