Capricorn Financial Consultancy has announced that the first year of its five-year equity scheme plan is complete. The firm is on track to hit its £150m target valuation by 2026. Capricorn ‘growth equity’ scheme rewards the firm’s advisers directly for their contributions, with 10% of share capital in the hands of its advisers and key people. The scheme is part of the firm’s plans to hit its target valuation of £150m within the next four years. In order to deliver on its projections, Capricorn must maintain a growth rate of more than 25% per annum, in line with the growth it has achieved each year for over a decade.

Zephyr Homeloans has published a new set of guidelines for advisers to help their landlord clients organising tenancies. Developed in conjunction with The Deposit Protection Service (The DPS), which is also part of the Computershare group, the guidance contains downloadable checklists and factsheets. Zephyr said the guidance is aimed at helping advisers who are looking to add value for their landlord customers, and includes information around preparing a property for renting, starting a new tenancy, and gathering evidence for any potential dispute. There are also tips for landlords planning to accommodate student tenants and guidance for students looking to rent a property.

A developer who was left facing substantial fines following the late withdrawal of a buy-to-let mortgage offer has been saved by a £5.1m gross development exit loan from Aspen Bridging. The client was at the end of an existing development finance deal and had planned to move the two, two-bedroom apartments in London onto a long-term deal having completed the properties in late October. When the broker approached Aspen to explain the issue, the developer had decided to sell the properties and the lender agreed a flat rate bridge at 0.82% per month over 12 months with zero early repayment changes. A second charge will sit behind the loan, due to the 69% LTV position.

Tandem Bank has announced it is launching a remortgage portfolio of products, exclusively through the intermediary sector. The firm said the products will be backed by a process designed to cut the time taken to complete cases, and are divided into four separate strands, T0 to T3, dependent on the creditworthiness of the individual client. T0 is for those with minimal credit issues with LTVs up to 90% and two fixed rate options of two and five years with rates of 6.50% and 6.25% respectively. T1 to T3 are graded depending on past and current credit issues, with T1 and T2 having a maximum LTV of 85% with T3 having a maximum LTV of 80%.

LiveMore Capital has announced the appointments of three new business development managers to its sales team. Darren Cunliffe has been appointed to look after the North West, Brian Sanford is covering the East & West Midlands and Nikola Sukara will oversee the North East and Yorkshire. All three BDMs will report into the firm’s head of intermediary sales, Phil Quinn.

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