Market Financial Solutions (MFS) has launched a new bridge fusion product, which is a hybrid of a bridging loan and a longer-term buy-to-let (BTL) mortgage and reduced rates on its core bridging product range. Fusion is a two-year tracker loan with an annual interest rate, providing borrowers with a product that enables them to wait out uncertainty and instability in the market, with the possibility to extend the loan for a third year. The product rates start from 3.55% plus bank base rate, with an LTV of 75% with a maximum loan size of £20m.

Shawbrook Bank has introduced a new three-year fixed rate ISA. Rates start at 4.4% AER (gross) annually, or 4.35% AER (gross) monthly, which can be opened with a minimum deposit of £1,000, while the maximum balance for the new ISA is £250,000. The move comes as the interest rates on one and five-year fixed rate ISA at Shawbrook have also been increased. The bank said that locking in a rate for a longer period provides stability and predictability.

Butterfield Mortgages has appointed Ashley Titley as a new relationship manager. Titley has worked in the property and mortgage industries for almost a decade, operating as a specialist mortgage adviser for the past five years. Titley began his career in the sector as a trainee mortgage adviser at his local estate agency, before completing his CeMap qualification and becoming and independent mortgage broker. His appointment strengthens the team at Butterfield, which provides high-net-worth individuals with residential mortgages against prime properties in London and the South of England.

---