Afin Bank has appointed David Kenmir as an independent non-executive director. Kenmir was previously chief operating officer of the Financial Services Authority and a risk and regulatory partner at PwC. Afin Bank said his appointment will bring a wealth of experience in governance and compliance to the new digital bank, which has been set up to help foreign nationals living and working in the UK to get mortgages and savings accounts.

ASG Finance has made significant rate reductions across its product range, introducing a new short-term bridging loan with rates from 0.6%. This new offering is designed to support property investors, developers, and business owners in need of flexible, short-term financing options. ASG said the new 0.6% starting rate applies to its “stepper” product, which offers additional cost savings if the loan is repaid within the first six months. For clients requiring a full 12-month bridge, the firm has reduced its rate to 1.1%, down from 1.25%.

Mansfield Building Society launched a new long-term fixed rate product to its “credit repair” range, designed for borrowers who have faced credit challenges. This range allows the society to support borrowers with past credit issues such as discharged bankrupt from day one, existing IVAs, up to £6,000 in CCJs, active DMPs older than six months with satisfactory conduct, previous repossessions that are over two years old, and defaults as recent as four months ago.

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