News in brief - 17 March 2025

Chetwood Bank has launched a new range of fixed rate savings accounts to give new and existing customers a choice of short, medium and long-term options. The new products have a minimum deposit of £1,000 with maximum deposit, with savings protected under the Financial Services Compensation Scheme. The expansion of its savings portfolio forms part of Chetwood’s mission to provide “no-nonsense savings products” to UK customers.

The Mortgage Works has cut rates by up to 0.30% across selected buy-to-let (BTL) products for new customers with rates starting from 3.24%. New business BTL rates on two-year fixes for purchase and remortgage are available from 3.24%, while the two-year remortgage only option is available from 3.54%. These products are available at up to 65% LTV with a 3% fee. The lender is also offering a remortgage only option at 4.84% at up to 65% LTV with no fee.

Aspen Bridging has made four senior appointments across its credit, underwriting and credit sectors. Aqib Iqbal has been appointed as head of credit and Sinead McMurray will step into his role as credit manager. The pair joined the firm through the graduate recruitment scheme (GRS) in 2021 and 2022 respectively. GRS graduate, Richard Tweddell, has also been promoted to underwriting manager, having joined the firm in 2021 and serving as a senior underwriter. Richard Coombs has moved from working as a credit analyst to operation manager.



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