J3 Advisory has appointed Peter MacAllan as its new director of the debt advisory team. He joins the leadership team, bringing over two decades of experience within the financial sector to the role. MacAllan’s expertise spans a wide spectrum of asset classes, ranging from luxurious residential towers to super prime family homes and multi-million-pound wine collections. He has worked as a partner at Knight Frank for 10 years, heading up their structured development finance team in London, where he orchestrated multiple development finance facilities exceeding £100m.

Hampshire Trust Bank (HTB) has expanded its specialist buy-to-let and semi-commercial mortgage range and has reintroduced two-year fixes across all products. It has also reduced rates across its product range by up to 1% for semi-commercial and up to 0.35% for BTL. HTB’s BTL rates now start from 5.84% for a two-year fix and 6.34% for a five-year rate. Two-year semi-commercial rates now start from 6.49% and 6.99% for a five-year deal. HTB continues to offer its ERC lite and ERC plus products, as well as fee plus, all of which are applicable across its two- and five-year BTL and semi-commercial fixed rates, giving clients a broader range of affordability options.

NatWest has cut rates across its news business and existing mortgage products. New purchase products have been reduced up to 40 bps across its two- and five-year deals, while remortgage rates have been cut by 69 bps. First-time buyer deals have been reduced by 40 bps and shared equity and help to buy shared equity products have been cut by 0.18% and 0.69% respectively. In the lender’s BTL range, purchase rates have dropped by 0.48% and remortgage rates up by to 40 bps.

---