Keystone Property Finance has expanded its specialist proposition by launching into semi-commercial lending for the first time.

The new range means that the specialist buy-to-let lender now lends on properties comprising commercial and residential elements.

The introduction follows the launch of Keystone’s first refurb-to-let product range last year, marking its second expansion into a new market segment within the past 12 months.

LendInvest Mortgages has upgraded its regulated bridging product line, expanding leverage and speed for homeowners and property professionals.

The specialist lender has increased its maximum LTV to 75% on regulated bridging loans up to £1m. It has also expanded its AVM limits to 75% LTV, bridging them into parity with its unregulated bridging criteria.

Carolyn Thornley-Yates has been appointed as commercial director at Chorley Building Society.

In her new role, she will take executive responsibility for the society’s retail products, sales and marketing strategy, leading the development of propositions and enhance the society’s commercial performance.

Thornley-Yates brings extensive industry experience to the role, having previously served as director of mortgage product and proposition at Hinckley & Rugby Building Society and chief customer officer at The Stafford Building Society.

Buckinghamshire Building Society has launched a new one-year discounted rate mortgage designed to provide brokers and their clients with greater flexibility when seeking short-term lending solutions.

The new product starts from 5.89% (a discount of 2.05% from their SVR for the first 12 months), with a £2,500 product fee, and offers borrowers the ability to repay or refinance without incurring an early repayment charge.

The mortgage is available for loan amounts between £100,000 and £500,000, and is available for both purchase and remortgage applications that can be used on houses and flats, on both repayment and interest-only terms.

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