Pepper Money has improved its affordable homeownership proposition by becoming the first specialist lender to launch a dedicated proposition to support the First Homes scheme. This scheme offers new build properties for a discount of at least 30% on the open market value, and local authorities have the discretion to set deeper minimum discounts of either 40% or 50% through local planning policy. The Government scheme is available on new build homes and, until now, has only been supported by mainstream lenders. By now launching First Homes, however, Pepper Money will be the first specialist lender to provide an option for homeowners whose circumstances fall outside of mainstream criteria.

Yorkshire Building Society has introduced a new range of fixed rate bonds to support both its loyal members as well as new customers, who are looking for a fixed return on their savings. The society’s new accounts include a limited issue one-year fixed rate loyalty bond, which is the latest member reward from the mutual and benefits from an interest rate of 6.00%. It’s available to members who either save or have a mortgage with the society. Other accounts launching today, available to both new and existing customers, include a 5.30% one-year fixed rate bond and a 5.50% two-year fixed rate bond. All three bonds can be opened with a minimum balance of £1,000 and have a maximum deposit of £2m. No access is allowed during the term of the bonds and all mature on 31 August in each year.

Alveo, a provider of cloud-based market data management services, has announced the launch of new data modelling and data onboarding capabilities in its Ops360 platform. These new capabilities allow clients own data analysts to graphically model, onboard and maintain new data sources directly from within Alveo’s Ops360 user interface, enabling them to achieve operational efficiencies. The new capabilities in Ops360 are powered by Alveo’s underlying Business Domain Model Service and build on its microservices architecture and containerisation, which was released last year. Through its managed services and “data-as-a-service” offering, Alveo is also using the new capabilities in its customer operations to accelerate change management, improve data governance and as the basis for an intelligent exception handling process.

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