Hanley Economic Building has introduced a fee-free two-year tracker and fee-free two-year fixed rate product to further enhance its residential offering. The society has also launched a fee-free two-year variable discount retirement interest-only (RIO) mortgage with no ERCs and no overpayment restrictions to help support borrowers and intermediaries in their later life lending requirements. The two-year fixed rate mortgage is available up to 95% LTV and starts from 5.49%. The two-year tracker is available at a variable rate of 5.70% up to 90% LTV. The two-year variable discount RIO mortgage has an initial pay rate of 5.76%, which represents a 2.73% discount from the society’s standard variable rate of 8.49% and is available up to 65% LTV.

Davies has promoted Pino Vallejo to the role of chief executive officer of its multi-sector global consulting division, formerly known as Sionic. Vallejo brings over 30 years of senior executive leadership experience in financial services to the role, eight of which have been spent at the professional services and technology business’ banking and markets team. In this time, he oversaw the opening of the firm’s first office in Madrid, as it continues to expand its operations to new markets and geographies.

Brightstar Group has announced that it is set to work with Paul Brett in order to relaunch its Private Label lending proposition. He will work with brokers to identify opportunities to help clients whose needs are not met by existing propositions, partnering with lenders to develop products under the Private Label brand that targets these areas of demand. He brings over 30 years’ experience in the mortgage industry to the role, having worked in a number of roles for both lenders and packagers. He was part of the team that was responsible for bringing Foundation Home Loans to the UK intermediary financial services market, and was most recently director for intermediaries at Landbay.

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