Hampshire Trust Bank (HTB) has appointed Jessica Winstone-Adair as its new lending director for London and the South East in its development finance division. Bringing over 24 years’ experience in the financial services and real estate sectors to the role, after spending 16 years at Royal Bank of Scotland (RBS). She joined RBS as a business relationship manager for retail banking in April 2001 and has worked across corporate real estate finance, credit, real estate origination and restructuring, and was appointed as director for structured finance. Most recently, Winstone-Adair was the owner and developer of a property renovation and design business. As part of her new role, she is tasked with winning new development finance business for HTB and developing these client relationships into longer-term partnerships.

Foundation Homes Loans has refreshed a number of two-year fixed rates within its core buy-to-let product range. In its F1 tier, which is for borrowers with an almost clean credit history, Foundation has launched a new limited edition, two-year fixed rate BTL product, which is available at 70% LTV, priced at 5.94% with a 3.5% fee. Rates on its F1 two-year fixed rates have been reduced by 35bps, with rates starting at 6.94% for its 65% LTV, with a 1.5% fee. Changes have also been made to its two-year range within its F2 tier, which is designed for borrowers financing a more specialist property and/or those with some historical blips on their credit rating. Rates have been cut by up to 35bps, now starting at 7.09%. Standard HMO F2 two-year fixed rates are now offered at 7.19% up to 65% and 7.44%. Short-term let two-year fixed rates have also seen rates cut, available at 7.24% up to 65% LTV and 7.44%. These products all come with a 1.5% fee.

Roma Finance has launched a RomaFLOW bridging product range as a result of the success of the process with the same name. The range’s three new products include FLOWbridge, which is focused on residential bridging and auction finance; FLOWrefurb, with refurbishment costs up to 25% the initial market value of the security; and light development, where the refurbishment costs are between 25-50% of the initial market value of the security. Desktop valuations are also available at up to 70% LTV, with all products available to the entire market, with 20 broker partnerships having access to an exclusive range with pricing at 9.9% per annum, where the exit strategy is refinance.

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