Butterfield Mortgages has made two new senior appointments as part of its focus on delivering “exceptional” service for high-net-worth clients seeking residential mortgages against prime properties in London. Wendy Scott has been appointed as senior business development manager (BDM), bringing over 20 years of experience to the role. She has been a BDM at Butterfield since 2016 and has also worked as an underwriter and protection adviser for Nationwide, Lloyds Banking Group and Metro Bank. Radhika Madar has been appointed as senior relationship manager, having worked in the mortgage industry for 18 years, having spent a decade advising high-net-worth private clients on property investment in UK real estate. As part of her new role, she will take responsibility for mortgage loan renewals, credit renewals, loan book operations and direct business referrals.

Accord Mortgages has reduced rates across its residential products for the third time in two weeks. Cuts of 0.20% have been made to products up to 85% LTV and up to 0.14% up to 90% LTV. A five-year fix for house purchase is now available at 4.67% at up to 75% LTV with a £995 fee, whilst a two-year fix for house purchase is available at 5.32% up to 80% LTV, with a £995 fee, £250 cashback and free standard valuation. For remortgage purposes, a two-year fix is available at 5.77% at up to 90% LTV, with a £995 fee, free remortgage legal work and free standard valuation.

Halifax has cut rates across its residential purchase, remortgage and product transfer rates by up to 0.22% Home mover and first-time buyer rates have also been reduced by up to 0.15% on selected products. Two- and five-year fixes now start from 4.46% and 4.06% respectively at 60% LTV, both with a £999 fee. On remortgage products, two-year fixes at 60% and 80% LTV at 4.67% and 5.32% respectively, while three-year products at 60% and 90% LTV have been reduced to 4.52% and 5.59% respectively.

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