The Mortgage Works (TMW) has reduced rates by up to 0.30% across its limited company and HMO ranges for new customers. Under the changes for purchase and remortgage products, TMW’s one- and two-year fixed rate now starts at 5.19% with a 2% and 3% fee, which is available at up to 75% LTV. The five-year fix is also available at a reduced rate of 4.89%, coming with a 5% fee and is available at up to 70% LTV.

ModaMortgages has appointed Scott Phillips as its new head of sales. The specialist buy-to-let (BTL) lender has also hired Becki Fraser-Tucker as a senior business development director (BDM), with Bec Murray also joining as a BDM. Launching in the coming months, ModaMortgages is a new intermediary-only BTL mortgage provider from Chetwood Financial. As head of sales, Phillips will oversee the lender’s field-based team of BDMs, bringing 25 years’ experience in financial services to the role, having worked as national account manager at Vida Homeloans, Hampshire Trust Bank (HTB) and OneSavings Bank (OSB). Fraser-Tucker has held a number of national account manager and BDM roles at OSB, HTB, and the Bank of Ireland, whilst Murray brings a wealth of experience, having worked at HSBC for over 16 years.

Standard Life has appointed Helen Dean CBE as its new chair at the Standard Life Master Trust Company Limited (SLMTC). Dean’s appointment will take effect in May 2024, following on from standing down as the chief executive officer at NEST. She is one of the leading figures in UK pensions with a long-standing interest in addressing financial inequalities and promoting financial resilience. She has led some of the most significant developments in pensions over the last two decades and is credited as the architect of the programme that that developed auto-enrolments in 2010. She is also a trustee and non-executive board member of Step Change. Gurmukh Hayre will also join Dean as a trustee board member for the SLMTC, joining from April 2024.

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