United Trust Bank (UTB) has made a number of appointments to its bridging sales team as its looks to deliver its growth plans into 2025 and beyond. Paula Purdy as sales director for bridging, and will work with director of bridging, Sundeep Patel, to drive new business growth and support various projects within the division. Paul Delmonte will now serve as head of national accounts for bridging, working on his success as a key account manager. UTB has also appointed Gary Lomax as key account manager for the north, continuing his success supporting brokers across the north of England and Scotland, looking to further develop UTB’s activity in those areas.

Suffolk Building Society will now pay retention procurement fees for brokers acting on product transfers on new requests. The procuration fee will be 0.2% of the retained balance, payable for all existing customers switching mortgage products. All procuration fees will be paid within 28 days of the product transfer. Brokers are required to be registered with the society’s origination platform, Suffolk Online, in order to carry out a switch. The society noted that the procuration fee will need to be evident in the offer to be payable.

MPowered Mortgages has cut its three-year fixed rate range available to new borrowers. The rate now starts at 3.75% at 60% LTV with a £999 fee, which is the lowest rate the lender currently offers across its fixed rate range. MPowered Mortgages offers two-, three- and five-year fixed rates for new borrowers and remortgages. Three-year fixed rates for new purchase borrowers have been cut across LTV bands including 60%, 65%, 70%, 75% and 80% LTV. Further cuts have also been made to select two- and five-year fixed rates for both remortgage and new purchase customers.

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