News in brief - 23 January 2025

Oliver Dickinson has been appointed as finance director at second charge lender, Interbridge Mortgages. He joins the firm from Vanquis Banking Group, having also worked in roles at Pepper Money and Admiral Money. Assuming the new role in March 2025, Dickinson will work to guide Interbridge Mortgages through its transition from a launch phase to a period of long-term strategic planning.

Mansfield Building Society has cut rates on its prime discounted variable-rate mortgage products and across LTV tiers. The newly updated two-year discounted variable-rate products are available for both house purchase and remortgage, with rates being cut by up to 0.60%. Those requiring higher LTV options, between 80% and 90%, are now able to claim a reduced rate of 5.39% variable, down from 6%. House purchase borrowers with LTVs of between 90% and 95% will see rates reduced to 5.79% variable, down from 6.40%. For loans up to 80% LTV, borrowers can access an initial rate of 5.10% variable, down from 5.65%, while Mansfield’s residential product for larger loans, is down from 5.28% to 4.99% variable for the first two years at 75% LTV.

Target Group has appointed Kate Fisher as a product designer on its product team. She brings more than 20 years of knowledge and expertise in user experience (UX) to the role, having led on the design, development and delivery of e-commerce platforms, retail solutions and applications across the financial services, pensions, conveyancing and property sectors during her career. Fisher joins the team to support the development and deployment of Mortgage Hub, Target’s platform for mortgage originations.



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