News in brief – 29 July 2022

Buckinghamshire Building Society has announced the appointment of Dan Wass as the society’s new CEO. The move follows Gerard O’Keeffe’s decision to retire later this year as CEO of the society. Wass, who will join the society in September, was most recently director of member propositions, banking, insurance and investments at Nationwide. He has also previously worked as a managing director at Barclays UK, having held a number of senior retail banking leadership positions there. Buckinghamshire said that Wass will bring a “wealth of senior leadership experience” and a “passion for the mutual sector”.

Foundation Home Loans has announced the launch of two new fee assisted limited edition residential products. The specialist lender confirmed that these new offerings will be fixed rate products, both offered up to 65% LTV, and come with rates of 4.74% for the two-year, and 4.99% for the five-year fix. Foundation suggested that it is launching new limited edition products so that advisers and their clients can “benefit from its current strong service levels”. The lender is currently working on a one-day service turnaround for reviewing new residential applications.

Paragon Bank has announced that it has reached the £10bn customer savings deposits milestone, eight years after launching its first savings account. The bank now has almost 250,000 direct savings customers and well-established partnerships with third parties to offer savings products to their customers. The company also specialises in providing finance for landlords, helping to provide homes for the UK private rented sector.

360 Dotnet has announced the appointment of Stephen Cowdell as the firm’s new head of intermediary sales. Cowdell, whose previous role was as a key account manager, has worked in the sector since the beginning of his professional career and will be responsible for developing our strategy, tactics, sales plans and profit targets.

Central Trust Bank has introduced a family let and let-to-buy range. The first and second charge mortgage lender confirmed that its new family let range will be available up to 80% LTV, with the let-to-buy range available up to 75% LTV, with loans from £10,000 up £250,000, across England, Scotland, Wales and Northern Ireland. Both allow up to two adverse status points in last 12 months.

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