Market Financial Solutions (MFS) has appointed Ryan Magee as its new general counsel. Magee joins the MFS team to provide legal counsel across the company’s operations. He brings 15 years of experience to the role, working as a legal professional in the real estate sector with strong skills in relation to property finance and corporate finance. After graduating from the University of Oxford in 2008, Magee trained as a solicitor at Allen & Overy, before becoming a senior associate for the real estate finance and corporate lending team during a nine-year stint at the firm. He has also worked at OakNorth Bank for more than four years, acting as senior director for legal and transitional management for much of that time.

Landbay has dropped rates across its limited edition five-year fixed rate product range by 10 percentage points, with rates now starting at 5.05%. A five-year fixed rate at 70% LTV now starts at 5.05%, down from 5.15% with a 7% fee. The other products are set at 75% LTV, with rates set at 5.25% and 6.85%, with 6% and 3% fees respectively. Landbay has also announced that a five-year fix is also available at 75% LTV with a 6.05% rate, which can be purchased with either a 2% or £1,499 fee.

Lloyds Bank has launched a new switching offer for customers, who will receive £175 if they move from another bank to a Club Lloyds account before 14 November. From tomorrow, customers switching to this account will receive £175 in their account within three days of switching, as well as a range of lifestyle benefits from cinema tickets, a year-long Disney+ subscription or a Coffee Club and Gourmet Society membership. Club Lloyds customers, which include Club Lloyds platinum and silver accounts, can earn up to £90 in credit interest every year and a 0.20% discount off an initial mortgage rate when a Lloyds Bank mortgage is agreed. There is a £3 monthly fee to maintain the account, waived each month when £2,000 or more is paid into the account.

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