Sales director at Nottingham Building Society, Alision Pallett, has announced that she is set to retire from the role after a 42-year career in financial services. She will be replaced by Matt Kingston, who will step into the role from March 2025. Pallett joined The Nottingham in November 2022, bringing extensive experience from the mortgage market. Prior to working at the society, she held roles at LiveMore Capital and Bank of Ireland. Kingston is currently serving as head of national sales and brings over a decade of sales leadership experience in the broker market.

Shawbrook has made a number of enhancements to its commercial investment products, in a bid to strengthen its support for property investors looking to diversify their portfolios with commercial assets. In line with these changes, the maximum LTV for retail units has been increased to 70% for interest-only loans and 75% for loans with part or full capital repayment options. Healthcare and education assets are now eligible for up to 75% LTV on interest-only, part, or full capital repayment loans. Industrial units have a 75% LTV cap for interest-only loans, a level introduced earlier this year.

Agnes Zhang has been appointed as international business development manager (BDM) at Molo Finance, expanding the firm’s international lending proposition and meet rising demand for overseas clients. Bringing experience from her work at a UK brokerage, supporting international buyers of UK buy-to-let properties, Zhang will strengthen Molo’s intermediary partnerships in the markets. In her role, she will work with the firm’s distribution team, helping intermediaries tap into the expanding overseas market through strategic relationship building and support.

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