Hampshire Trust Bank (HTB) has appointed Matt Hardy as business development manager (BDM) for the Midlands within its development finance division. In his new role, Hardy will be responsible for working closely with brokers and HTB’s lending directors managers across the region, ensuring that the bank continues with funding in the Midlands. He brings extensive experience in the industry to the role, have held a number of positions across property development, providing him with the insight and expertise required to support HTB in the industry.

Fleet Mortgages has announced a series of rate cuts plus the launch of two new five-year 75% LTV fixes for both standard and limited company landlord borrowers. The lender has cut its standard five-year fix at 75% LTV by 0.20%, with rates now starting from 5.14%, while the same product for limited company borrowers has been cut by 0.35%, also starting at 5.14%. Both products come with a 3% fee. The two new products available at 75% LTV for both standard and limited company borrowers, are priced at 5.69% and come with a fixed fee of £3,999. The maximum loan available is £500,000 and the end date for the products is 31 October 2029. Both new products come with a rental calculation of 125% at 5.69% for basic tax payers and 145% at 5.69% for higher tax rate payers.

RAW Capital Partners has reduced the rates on its two most popular products for non-UK residents and UK expats. Its introductory fixed rate has been reduced from 6.99% to 6.49% for a limited time, with its variable rate product being priced at an interest rate margin of 2.25% above bank rate. The Guernsey-based investment management firm provides specialist buy-to-let mortgages to a global client base investing in UK properties. With more than £100m of capital available to lend, RAW is offering its new, lower rates on the first 55% LTV of its term loan products. The 6.49% fixed rate is available for UK and non-UK residents so long as they complete before 31 October 2024. The BTL asset must be located in a major UK town or city.

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