Paragon Bank has promoted Tim Sweetman from the role of business development manager (BDM) covering North Nest England to the position of mortgages national account manager. In the role, he will work with Paragon’s key distribution partners, including networks, clubs and specialist distributors. Sweetman brings over 20 years of experience in the property and financial sectors to the role. Prior to spending the last six years at Paragon as north west BDM, he held positions at Santander and Countrywide.

Kuflink has appointed Gurmit Raina to the role of chief financial officer. She brings over 20 years of experience in senior finance roles to the position, most recently as a finance consultant at the bridging lender. Raina is the latest member to join the board of directors, which is now led by the firm’s co-founder, Rawinder Binning, as chief executive officer.

The Mortgage Works has cut rates on selected two- and five-year fixed rate products across its mortgage range. Limited company buy-to-let (BTL) rates have been reduced by 0.25%, while BTL products have been cut by 0.20%. As a result, BTL two-year fixes start from 3.14% with a 3% fee at up to 65% LTV, while five-year options start from 4.34% with a £1,495 fee at up to 75% LTV. On the lender’s five-year limited company BTL remortgage range, rates start from 4.99% with a 3% fee, at 5.29% with a £3,995 fee and at 5.69% with no fee. These products are available from 75% LTV, and come with a free valuation and £750 cashback.

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