Black & White Bridging has completed its first refinance transaction of a specialist asset, in a significant step in its expansion to fund specialist deals. The £3.3m financing arrangement involved refinancing a specialist asset owned by a “well-established” family business. The asset, comprising three industrial units, serves as a hub for steel fabrication and repair, supporting sectors including utilities, nuclear and defence.

Pepper Money has launched a limited-edition remortgage only offer with no upfront fee on its Pepper 48 and Pepper 36 core and light ranges. The limited offer is available across 16 products on two- and five-year fixed rates and is designed to help customers limit their spend upfront, while giving the certainty that the rate and product selected won’t change after the decision in principle stage. Rates on the limited-edition remortgage offer are available from 5.89% up to 75% LTV and in addition to zero upfront fees, the products also come with free valuations.

Atom bank has reduced rates on its prime and near prime products. Rates on the bank’s range of two-year fixed rate prime products, which includes purchase, remortgages, retention and further advances, have been reduced by 0.10%. The app-only bank has also cut rates on select near-prime two- and three-year fixed rates. The two-year products, available at up to 80% and 85% LTV, have dropped by 0.15%, while the three-year fixed rates on those same LTV bands have been cut by 0.10%.

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