Precise Mortgages has lowered rates across its five-year fixed rate terms within its limited edition range. The changes to the fixed rate ranges are designed to provide a wider choice of products to help brokers support customers with affordability challenges. Five-year fixed terms now start at a rate of 5.24% and the minimum loan size has been lowered to £40,000 across all limited-edition products. Furthermore, Precise Mortgages have introduced a new five-year fixed rate product, which includes a 7% fee.

Fleet Mortgages has made a number of internal promotions within its sales team, with Dave Husbands being promoted to head of sales, having previously served as sales manager. He will be responsible for Fleet’s entire sales team, which includes all field business development managers (BDMs), all telephone BDMs, the sales administration team, as well as all sales team leaders and senior BDMs. Five BDMs have also been promoted to senior level. These include Josh Parker (South West), Katy Williams (Midlands), Donna Spence (North West), Giovanna Streatfield (South) and Stella Brookman (South East).

Paragon Bank has launched new one and two-year fixed rate ISAs in a bid to support savers who want to build tax-free balances. Savers can make unlimited deposits and the products are available for balances between £500 and £500,000. At a rate of 5.82% AER, savers can save up to £20,000 per tax year within a cash ISA, but can also transfer in balances from ISAs from previous tax years. ISA savers can also benefit from the ISA wallet, which allows savers to open more than one cash ISA with Paragon during the same tax year. The introduction of these products comes as more savers are choosing Paragon, with the bank's savings balances increasing by 22% in the year to the end of June, standing at £12.3bn.

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