RAW Capital Partners has appointed a former Financial Conduct Authority (FCA) supervisor as its new head of risk and compliance. Victoria Smallman has spent the past 13 years in the UK, working for the FCA before holding a variety of roles for Capita, rising to head of growth in its risk and compliance team. During this time, she helped the firm grow its business while remaining compliant with national and international financial services regulations, group policies and procedures. She has recently relocated back to Guernsey to take up to the role, in which she will lead RAW Capital Partners’ risk and compliance function.

Atom bank has announced that it has reduced the rates on its commercial mortgage range by up to 0.61%. The changes will see variable rates start at 2.04% over base rate, while fixed rates will start at 6.25% for loans with a maximum LTV of 45%. Atom’s range of commercial product include business banking secured loans and recovery loan scheme products. The bank will be closing for new RLS applications from 28 May 2024. The rate cuts, which will see a noticeable decrease in RLS pricing specifically, are on a temporary basis, so will only apply until this date.

MPowered Mortgages has cut rates across its fixed rate range. For two- and three-year fixed rate purchases, rates start from 4.84% and 4.59% respectively at 60% LTV with a £999 arrangement fee. For those not wanting to pay an arrangement fee, rates on the two-year fix start from 5.07% at 60% LTV and 5.19% at 75% LTV, while rates start at 4.79% and 4.89% respectively for three-year fixes. For remortgages, rates start at 4.49% at 60% LTV with a £999 arrangement fee for a three-year fix, while no arrangement fee products start at 4.69% and 6.09% on 60% and 85% LTV products. For two-year remortgages, rates start at 5.15% at 60% LTV and 5.25% at 75% LTV with no arrangement fee.

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