News in brief - 28 May 2025

Conveyancing Alliance (CAL) has promoted Mark Richards to the role of sales director, after four years as working as area director. He joined CAL in 2020 and built a broker base across Wales and the South West of England, reaching nearly 500 brokers. With three decades in financial services, he has held a number of senior roles at firms including Principality Building Society and HSBC. As part of his new role, Richards will lead CAL’s team of area directors and will also work to drive growth and optimise its systems.

Skipton Building Society has launched a new seven-year fixed rate bond at 4%. With the new bond, savers can open their accounts with deposits of between £500 and £50,000, and won’t be able to withdraw or close the account until maturity at the end of the term. New and existing savers can open The Skipton’s new seven-year fixed rate bond by phone or post, in branch or online.

Precise has refreshed its residential product range with lower rates and additional zero fee options. As a result, five-year fixes start from 4.74%, while two- and three-year fixes are available from 4.89% and 4.99% respectively. Customers can also benefit from a refund of valuation fees as well as £300 cashback. Precise has also introduced a new- five-year fix on its tier two products to help support brokers with customers who may have adverse challenges. As a result, the five-year fixed product is available at 5.04% and can be accessed on behalf of customers with CCJs, defaults or mortgage arrears.



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