Spring Finance has reduced rates on its residential, semi-commercial and commercial bridging loans. The residential changes are across both its Financial Conduct Authority-regulated and unregulated products. The specialist lender’s first change residential bridging finance is now available from 0.89% per month at up to 75% LTV, with second charge residential lending available from 1.04% with LTVs up to 65%. Semi-commercial and commercial lending is also now priced from 1.04%.

RAW Capital Partners has hired Mark Stevens as its new head of credit. He brings over 40 years of experience in the banking sector to the role, having held senior roles in both offshore and onshore credit departments at firms including Northern Trust, Butterfield Bank and Barclays Bank. In these positions, he has been a member of multiple credit and risk committees, handling lending propositions related to property, investments and direct loans to funds and hedge funds. As part of his new role, Stevens will work to optimise processes, develop the teams by helping them to better understand and mitigate risks associated with the business, and contribute to the firm’s product development.

Aldermore has launched a new range of limited edition residential and buy-to-let (BTL) mortgage rates. New residential level one rates start at 80% LTV, with two- and five-year fixed rates starting from 5.79% and 5.34% respectively, with no product fee. The limited edition BTL rates have zero, 1.50% and 5% fee options available. For individual and company landlords with single residential investment properties, reduced five-year fixed rates at 65% LTV now start from 4.89%, with a five-year fix at 75% LTV from 4.99%. Multi-property products for individual and company landlords with residential investment properties include reduced five-year fixes at 65% LTV from 4.79% and a five-year fix at 75% LTV from 4.89%.

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