Target Group has strengthened its team with two senior appointments, with Rob Millow and Uday Bola being appointed growth director and head of solution design, respectively. Millow joins the firm from Staysure Group, where he served as operations director. Beginning his career in 1996, he has worked across insurance, energy, mobile and telecoms, having worked at firms including BT, Vodafone and Drax Group. In his new role, Millow will look to drive growth and transformation in the Target brand. Bola has held a number of senior roles in product management, development and design at brands including The Co-Operative Bank, Together, Mutual Vision and Sopra Banking Software. He will work closely with Milloy and the growth to build client relationships and utilise full capabilities to develop solutions.

Accord Mortgages has cut rates on its £5,000 deposit mortgage option, with fixes now starting from 5.79%. The product, which was launched in March allows for first-time buyers with just a £5,000 deposit to purchase a property valued up to £500,000. The two-year fix at 90% LTV, which is suitable for new build buyers is now available at 5.33%, and comes with a £995 fee, £250 cashback and free standard valuation. The five-year fix at 75% LTV is available at 3.99%, which is suitable for house purchase. It comes with a £1,995 fee, £250 cashback and free standard valuation.

MPowered Mortgages has made further cuts to its mortgage range, with rates being reduced by up to a further 0.10%. New customers will benefit from cuts to the lender's three-year fixed rate range, which now starts from 3.91% at 60% LTV with a £999 arrangement fee, with further rate cuts on its LTVs up to 80%. Changes have also been made to the lender's remortgage cashback mortgage range with all two-, three- and five-year fixed rates reduced by up to 5 bps across all LTV bands. The remortgage cashback option now comes with a lower rate and a £250 cashback payable on completion.

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