Accord Mortgages has reduced rates across its residential range for the second time this month, with a focus on borrowers with a smaller deposit. Available from 28 November, the new range includes rate cuts as much as 0.33% on the 95% LTV deposit unlock range, available to those purchasing a new build house through the insurance-backed scheme. Reductions have also been made to the standard range, including a 0.20% discount for borrowers with a 25% deposit, and cuts of up to 0.15% for those with a smaller deposit looking for a product between 80%-95% LTV.

The Loans Engine (TLE) has introduced a series of specialist lending product clinics designed to assist brokers in understanding the intricacies of their most challenging cases. Following on from the success of its ‘Mastering Specialist Lending’ group training sessions, TLE said it has recognised the demand for a more targeted approach, leading to the introduction of these interactive clinics that focus on individual financial products. The firm has said that it believes in “placing education at the forefront of the industry”. It said that numerous brokers have approached them with cases that pose challenges due to the lack of understanding and familiarity, and the firm wanted to provide them with a platform to enhance their knowledge and enable them to support their clients.

Andrew Turvey has been appointed as the new chief risk officer at Dudley Building Society, subject to regulatory approval. He brings a range of experience across different risk disciplines and regulatory compliance to the role, having worked for building societies, banks and the Financial Conduct Authority. He is an active member of the Data Standards Committee for the Bank of England, and is the latest appointment by Dudley Building Society in its aim to support its growth plans. Turvey will work on developing the mortgage lending policy to make sure the society reacts to market changes and is able to offer more lending solutions to intermediaries and their customers.

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