Hampshire Trust Bank (HTB) has launched a flex tracker mortgage, the latest tracker product with flexibility built in. The product is available as a limited edition, two-year discounted tracker across HTB’s buy-to-let and semi-commercial offerings. It offers the benefits of a tracker mortgage, as well as the ability to either sell the property or lock into a fixed term within the two-year discount period, without incurring early repayment charges. The product is designed to give investors and developers increased flexibility in the short-term. Clients have the option to track, fix or sell their product, with the new mortgage tracker available up to a maximum net LTV of 75%.

United Trust Bank (UTB) is supporting Stephens + Stephens’ development of 32 luxury apartments in Newquay, Cornwall. The scheme, known as Cliff Edge, is the second phase of the redevelopment of a former hotel site, comprising a new apartment building set over basement, ground and four upper floors. The first phase was completed last year and achieved a strong level of sales. UTB is providing £15m of funding towards the completion of phase two of Cliff Edge, which offers apartments in the price range of £250,000-£1m.

Cavendish Legal Group (CLG) has appointed Rob Djemil to the newly created role of relationship director. As part of his role, he will enable the ambition of CLG’s partners and referrers to offer propositions to their clients. Djemil brings nearly three decades of experience in introducer relationships to the role, having worked with mortgage brokers, housing associations, estate agents and house builders. He worked with CLG, which is part of Movera, for 12 years, before leaving in 2008 to start his own consultancy firm. He remained in consultancy before rejoining CLG.

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