Stonebridge has appointed Lewis MacLeod as its new business development manager (BDM), focusing on providing business support to its appointment representative (AR) member firms. MacLeod is a field-based BDM and will work closely with Stonebridge AR firms and their advisers, across a range of disciplines including strategic planning, client bank management, sales development, lead generation, business referral opportunities and recruitment. The latest appointment takes the firm’s BDM team to 14 employees, covering the entire UK. MacLeod brings over 13 years’ experience working in the mortgage market, working as a manager of advisers at Yorkshire Building Society, as a mortgage adviser at L&C, and most recently as an area supervision manager at a mortgage network.

Molo Finance has reduced rates on its buy-to-let (BTL) fixed rate products by up to 0.71%. The lender’s BTL rates now start from 3.94% on two-year fixes for individual and limited companies at 75% LTV, whilst five-year fixes start from 5.19%. Specialist product rates start from 4.04% and 5.29% for two- and five-year fixes respectively, serving HMO and MUFB units up to 12 lettable rooms and units, as well as holiday lets and new build properties. As part of Molo’s non-UK resident proposition, two- and five-year fixed rates for both individuals and limited company applicants now start from 7.54% for capital and interest mortgages and 8.29% for interest-only mortgages.

Family Building Society has launched a new range of reduced-price mortgage products, starting from 4.59%. Two-year owner occupier products for interest only and capital repayment have been reduced by 60 bps and core five-year fixed rates, including the family mortgage, have been cut by 55%. Repayment fixes now start at 5.14% and 4.59% at two- and five-year deals respectively, whilst interest-only rates start at 5.19% and 5.79% for five- and two-year fixes respectively. Furthermore, the society’s five-year BTL fixed rates have been reduced by 60 bps and now start from 4.99%.

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