RAW Capital Partners has introduced a new overpayment feature across its mortgage range, giving new customers the ability to make one fee-free overpayment of up to 10% on their outstanding loan balance each year. The specialist lender said the new overpayment option is designed to provide greater flexibility for landlords using interest-only mortgages, allowing them to reduce their loan balance, increase equity across their UK property portfolios and lower the total cost of borrowing over the life of the loan. The options is available for both UK and non-UK resident clients as part of RAW’s commitment to supporting borrowers with complex cases.

Nottingham Building Society has announced a further set of criteria enhancements designed to widen access to homeownership and remove unnecessary barriers. The society has simplified its criteria for self-employed applicants and is now considering applications from self-employed borrowers with a minimum of two years’ trading supporting by two years of financial accounts. It is also increasing the maximum LTV for new build flats from 80% to 85%, and has also removed the LTV for lending into retirement in its entirety. The Nottingham said the changes reinforce its focus on making mortgage lending more practical, accessible and reflect of how people earn, work and plan today.

7IM has appointed Antony Cockle as its new sales and development director. He takes over from Andrew Donald, who has played a key role in building and strengthening the sales team over his 18 years with the business. Cockle has worked with the 7IM group of businesses since 2016 as an independent consultant and formally joined the firm in May as consultant director of collaboration. His appointment is one of several hires and promotions in recent months and 7IM said its reflects its ambition to deliver market-leading solutions and services for advisers.

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