News in brief - 12 November 2024

CHL Mortgages has appointed Shaun Persaud as its new business development manager (BDM) for Essex and East Anglia, taking the number of BDMs in its sales team to six for the region. He joins CHL Mortgages from Omega Commercial Solutions, where he worked as a broker. He previously worked as a commercial broker at Go Finance and as a mortgage broker at Taylor Rose Financial Services, as well as a spell as a financial advisor.

Buy to Let by Foundation Home Loans has relaunched its range of specials with updated rates. The specials are available across Foundation’s F1 and F2 tiers, providing product options for portfolio landlords, individual landlord borrowers and HMO/MUFB borrowers. On is F1 two-year fixed special, rates start from 4.74% with a 4% fee, while its F1 five-year fix for portfolio landlords only start at 5.19%, with a 6% fee. There are also fee-assisted five-year fixes from 5.39% with a 5% fee. The lender’s F2 two- and five-year fixes for standard HMO/MUFBs start from 5.29% with a 3% fee. All products are available at 65% and 75% LTV.

Afin Bank has appointed Nicola Tunney as its chief people and operating officer. She previously served as head of operations at Allica Bank during its start-up phase, having also worked as chief operating officer at Shariah digital bank, Nomo, before joining Afin Bank. Tunney career also includes a number of senior strategic and operational roles with high street banks and lenders including TSB, Lloyds and Cheltenham and Gloucester. As part of her new role, she will oversee the creation of Afin Bank’s customer service and operations, in addition to building the people function for the new bank.



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