Hanley Economic Building Society has appointed Martyn Hoccom as a non-executive director. He will become the newest board member and will assume a key position on the society’s risk committee. Hoccom has over 30 years’ experience in the banking industry, where he has spent most of his career working in the treasury and risk management areas of major banks, most recently working as group treasurer for First Abu Dhabi Bank. He has also held senior positions at Royal Bank of Scotland and Lloyds TSB.

Just Wealth has strengthened its referral proposition to include support with protection cases, helping brokers at its sister firm, Just Mortgages, to meet their Consumer Duty obligations. As well as referring clients for wider financial advice for products such as savings savings, pensions and investments, mortgage brokers can now utilise Just Wealth financial advisers to help clients with their protection needs. This is designed to streamline the process for brokers, whilst helping to increase their own bandwidth and the level of coverage. This comes following the recent implementation of Consumer Duty, with the protection gap having been a clear challenge for the industry. Under the new rules, the lack of protection can be seen as foreseeable harm.

Hampshire Trust Bank (HTB) has made enhancements to its specialist buy-to-let (BTL) and semi-commercial mortgage offering with reductions in its five-year fixed rates. The fixed rate has been reduced by up to 70bps across its ERC Lite and ERC Plus ranges, with rates now starting from 7.29%. HTB has also launched its new fee plus product, with has replaced the popular special edition. This is now available at a five-year fixed rate of 6.89% for loans over £1m, and 7.29% for loan between £100,000 and £1m on BTL. This product, which is also available on semi-commercial properties, comes with a 5% arrangement fee and is available on an ERC Lite basis only with an early repayment charge of 4% in years one and two, and 3% in years three to five.

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