News in brief - 14 May 2026

Foundation has relaunched a number of five-year fixed 75% LTV products that were withdrawn earlier this year. The updated range includes five new products on its F1 and F2 ranges. On it F1 and F2 remortgage-only fixes, rates start from 6.44% and 6.54% respectively, both with a free standard valuation and £500 cashback, plus no application fee. Its F1 ERC3 product now starts from 6.39% with a 1.5% fee, while its F1 EPC saver starts from 6.49% with a 1.25% fee. Furthermore, its F2 short-term let product is available from 6.74% with a 1.25% fee, with no application fee and a free standard valuation. Foundation has also reduced rates on its MUFB five-year fix at 75% LTV to 6.09%, while its holiday-let five-year 75% LTV fix now starts from 6.24%, both with a £4,995 fee.

Lakeshield has appointed two new business development managers (BDMs) and a new underwriter, reflecting continued growth in residential, commercial and refurbishment bridging volumes. Jon Sturgess joins as a BDM with extensive sales leadership experience in specialist lending, including seven years at head of sales at Masthaven Bank, and prior roles at TAB and StrideUp. Amjad Ibn-Abdul has also joined the BDM team with a background spanning both the lender and broker sales of property finance. His career includes roles at Alternative Bridging Corporation, Tuscan Capital and Rainstone Money, covering bridging, commercial and refurbishment finance across the UK. Chloe Carlin joins as bridging underwriter from Kuflink, where she spent nearly a decade across underwriting, case management, and sales management roles.

Yorkshire Building Society has launched a new triple access esaver, a savings account designed to encourage saver to keep their money growing. The product features a 4.20% gross AER variable interest rate and savers can open the account with just £1, with deposits up to £500,000, making it accessible to a range of customers. Available online, the account allows savers to make withdrawals on any three days within a 12-month period, as well as the option to close the account, providing flexibility while supporting longer-term saving habits. At the end of the one-year term, balances will automatically move to an online easy access savings account.



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