TAB has appointed Jack Bonner as its new chief risk officer.

In his new role, he will oversee the commercial mortgage and bridging lender’s portfolio and recoveries department, alongside taking responsibility for its risk strategy and framework.

Bonner joined TAB in 2023 as portfolio and recoveries manager, focusing on portfolio quality, recovery strategy and disciplined risk management, before being promoted to head of portfolio and recoveries in 2024.

Gatehouse Bank has announced a 0.10% reduction on rental rates across selected residential property finance products available to UK residents.

The changes apply to its two- and five-year fixed home purchase plans at 65% and 80% FTV and to two- and five-year buy-to-let products at 65% LTV.

As a result, its two-year HPP fixes start at 5.99% and 6.09% at 65% and 80% LTV respectively, while its five-year fixes are available from 5.95% and 6.05%.

Meanwhile, its BTL two- and five-year fixes start from 3.74% and 5.20% respectively.

LendInvest has expanded its initial sales desk and has officially launched dedicated telephone business development manager (TBDM) roles for its lending products, supporting investment in its customer and broker experience operations.

To provide proactive and targeted support for intermediary partners, the specialist lender has introduced the TBDM role to its commercial division. Staffed by Josh Beattie and Callum McLaughlin, the newly established team will focus on strategic outbound engagement, lead management and dedicated account management.

LendInvest has also expanded its sales desk with the appointment of five business development associates, who will bridge the gap between new business and existing customer retention.

Precise has reduced rates on its residential mortgage range by up to 35 bps to enhance pricing for brokers placing specialist cases.

The series of reductions across its tier one to tier five products includes reductions of 35 bps on its 95% LTV range, all fixed rates up to 90% LTV on its tier one and tier two range being cut by 30 bps, and across tier three and five, all rates have been reduced by 20 bps across all LTV bands.

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