News in brief - 3 July 2025

Paragon Bank has launched a number of limited edition two-year fixed rate products to its buy-to-let mortgage range. The lender’s new two-year fix is priced at 3.45% for properties rated EPC A-C with a 4% product fee. It is available at up to 70% LTV for purchasing or remortgaging single self-contained properties, for which Paragon has also removed the application fee. On the lender’s HMO and MUB range, rates are priced at 3.80%. Customers can benefit from £500 cashback on completion, as well as free mortgage valuations.

Hampshire Trust Bank has appointed Liam Mullans as lending director for London and the South East in its development finance division. He brings experience in structuring residential and commercial development funding, having held senior roles across both bank and non-bank lenders. As part of the role, Mullans will focus on supporting SME developers and intermediaries across the capital and the South of England, providing funding for residential schemes, commercial conversions and mixed-use projects.

Joanna Purdy has been appointed as Stonebridge’s new national compliance manager. In her new role, she will oversee field supervision and support enhancements to compliance processes across the network. Purdy’s remit is ensuring support for appointed representative firms and reinforcing the firm’s commitment to regulatory excellence. Her career in financial services spans two decades and includes over 10 years in management, operating most recently as senior area supervision manager at PRIMIS Network. Purdy was a mortgage advisers before leading compliance and supervision in both mortgage and directly authorised firms, having held roles at Masthaven Bank, Dynamo Bank and Think Mortgages.



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