Hampshire Trust Bank (HTB) has appointed David Staff as its new head of product and proposition within its specialist mortgages division. He brings over 20 years’ experience in the financial services sector to the newly created position, having worked at firms including Aldermore, Amicus Commercial and Shawbrook Bank. When at Aldermore and Norwich and Peterborough Building Society, he also held credit, underwriting and customer relationship roles. As a member of the senior leadership team in specialist mortgages, Staff’s remit is to lead the charge in product development and innovation within the specialist mortgages proposition with the focus on the end-to-end customer journey, to make the interaction with HTB as easy as possible.

London Credit has extended its promotion to refund 100% of the valuation fee on new bridging applications. The promotion is available on all residential, commercial and semi-commercial bridging applications by up to a maximum loan size of £1m. In order to qualify for the valuation refund, loans will need to be complete by 15 March. London Credit offers bridging loans from £100,000 to £3.5m for residential, commercial and semi-commercial properties in London, the South East and major cities. LTV options are available up to 70% with flexible terms spanning from three to 18 months. Loans can be used for a variety of purposes, including property refurbishment, auction finance and capital raising.

Hanley Economic Building Society has launched a no fee, medium-term fixed rate retirement interest-only mortgage with no early repayment charges and no overpayment restrictions to help support borrowers and intermediaries in their later life lending requirements. This product, which comes with a headline rate of 5.55% is available up to 65% LTV for purchase and remortgage purposes and matures on 30 November 2028. It has a minimum and maximum loan size of £10,000 and £500,000 respectively and can be offered to applicants who are already retired and aged 55 and over. In a bid to reduce upfront fees, this also includes a free valuation alongside no application or arrangement fees and is applicable for properties throughout England, Wales and Scotland.

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