News in brief - 3 April 2024

London Credit has increased its maximum LTV to 75%. The bridging lender has increased its maximum LTV on its residential loans from 70%. Loans up from 75% LTV are available up to a maximum loan size of £1m, on properties in London zones one to four, where the borrower has access to additional assets. London Credit provides bridging loans from £100,000 to £3.5m on residential, commercial and semi-commercial properties in London, the South East and major cities, with terms from three to 18 months.

Hymans Robertson has appointed Calum Cooper to the newly created role of head of pension policy innovation. In this new role, he’ll help to shape the future of pensions policy and regulation at the firm, with the aim of achieving better outcomes for savers. He will focus in finding the alignment between the firm’s capabilities and expertise and a wider social purpose. Cooper is currently an equity manager at Hymans Robertson and joined the firm in 2003. He advises charities, pension scheme trustees and sponsors on long term financial strategy and sustainability, and will continue to work with pension clients, including as actuary to the trustees of the UK’s first superfund, the Clara pension fund.

Asda customers can now get access to £20 Asda pounds when they open a new Asda Money credit card or Asda Money select credit card account, provided by digital lender, Jaja Finance, on or before 13 May 2024. To qualify for the offer, customers will need to spend at least £50 on their credit card and set up a direct debit within the first 60 days of account opening. Customers will receive the £20 within 90 days of account opening once they have completed the qualifying criteria. The Asda Money credit card and Asda Money select credit card are competitively priced at 27.9% and 34.9% representative APR respectively, with no annual fee. The Asda Money select credit card is available to Asda customers looking to improve their credit rating.

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