Inspired Lending has cut rates across its product range, with new pricing starting from 0.89% per month, down from 0.99%. The updated pricing comes following a reduction in Inspired Lending’s cost of funding and forms part of the lender’s focus on supporting brokers and borrowers in a market where pricing and speed remains critical. The new rates are designed to benefit investors and developers seeking short-term funding for purchases, refurbishments and capital raising.

Foundation Home Loans has made a series of enhancements to its property plus range, including the acceptance of short-term loans (STL), rate reductions across its existing plus range and the removal of its £100,000 minimum loan size threshold. The new STL plus range has been introduced in response to greater landlord interest in the short-term rental market. The products are available as both two- and five-year fixes and start from 6.89% at 75% LTV with a 2% fee. Furthermore, Foundation has cut rates on its property plus and HMO plus range, with two- and five-year property plus fixes starting from 6.84% and 6.74% respectively. HMO two- and five-year fixes start from 6.94% and 6.84% respectively with a 2% fee.

Target Group has appointed Jonathan Hole as its new chief risk officer. He brings four decades of experience to the role, having worked across credit, market and operational risk, including internal and external audit, compliance and approved regulatory functions. Throughout his career, Hole has held several senior roles within major financial institutions such as Barclays, GE Money and Santander, with remits covering both UK and European markets. He has also managed risk and compliance in the mortgage industry at firms such as Aldermore, Foundation Home Loans and Paragon Banking Group. As CRO, he will managing Target’s risk function and internal governance and will be responsible for data protection and financial crime.

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