Mercantile Trust has completed a £50,000 first charge buy-to-let (BTL) term loan to help a landlord fund improvements to an unencumbered rental property.

The loan completed four working days after documents were issued, with no legal fees or solicitor involvement. It was secured at an LTV of 11.41%, with a five-year fixed rate and no early repayment charges.

The case met Mercantile Trust’s 125% debt service coverage requirement. Income evidence consisted of an assured shorthold tenancy agreement and a bank statement showing a recent rental payment.

Gary Melville has been appointed as business development manager (BDM) for Wales at TAB.

He joined the firm in December 2025 as an internal BDM, helping brokers structure specialist cases and identify commercial mortgage and bridging finance solutions. He joined TAB after eight months as an internal BDM at Masthaven, and before that, he spent more than four years at West One Loans.

In his new role, Melville will work with brokers across Wales on commercial mortgage and bridging finance solutions for semi-commercial, commercial and residential property deals.

Rosemount Financial Solutions (IFA) has welcomed 10 new advisers to its ranks.

The new advisers, who joined between July and September, are Ashley Knight - AK Mortgage Solutions; El Deane - AND Mortgages and Protection; Michael Batchelor - Christopher Allen Private Clients; Christopher Hewitt - Christopher Allen Private Clients; Gemma Fitzer - Christopher Allen Private Clients; Rachael Neller - Clearview Financial; Desmond Fox - Fox Financial Planning & Wealth Management; Matthew Monk - Monk Financial Planning; Michael Bainbridge - Raby Financial; and Sam Thompson - Vanilla Financial.

Independent analysis of network growth by Network Consulting shows Rosemount has seen a 10% rise in adviser numbers in the year-to-date. It has also passed the milestone of 100 ARs.

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