News in brief - 23 August 2023

Newcastle Building Society is celebrating retaining its Investors in People (IIP) platinum status, having been re-awarded the accreditation for the next three years. IIP is an external accreditation that is awarded to organisation who are committed to investing in their people through training and development, leadership and creating a good place to work. The platinum accreditation is the highest level that the IIP body awards, with only 6% of organisations assessed receiving the status. Newcastle Building Society was given the award in 2020.

Nationwide Building Society has reduced rates on its fixed mortgage products by up to 0.4%. For new customers moving home, there are reductions of up to 0.4% across their two, three and five-year fixed products up to 95% LTV, which now stand at 5.94%, 5.89% and 5.39% respectively. For first-time buyers, products have been reduced by up to 0.35%, with two, three and five-year rates now sitting at 6.04%, 5.94% and 5.44% respectively, and remortgages have also been reduced by 0.35%, with two, three and five-year rates now standing at 6.39%, 6.30% and 5.49% respectively. The building society has also reduced selected two, three and five-year fixed rates for existing customers moving homes by up to 0.4%, with switcher and additional borrowing rates also reducing by up to 0.1%.

Hampshire Trust Bank (HTB) has appointed two new relationship managers as part of its development finance service proposition. As part of their new roles, Pippa Betts and Elysia Waters will be responsible for supporting HTB’s lending directors and relationship team in originating new deals. The role will also include working closely with colleagues, borrowers and intermediaries to ensure clear communications are maintained throughout the decision-making process. Betts has extensive experience working with the specialist lending marketplace and joins HTB from Avamore Capital when she was an underwriter. She has also worked in the underwriting departments at Masthaven Bank, Shawbrook Bank and Equifinance. Walters has formerly worked at Paragon Bank, where she worked for three years as part of the credit team.

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