News in brief – 30 June 2023

Barclays has announced that Sian McIntyre will become its new head of acquisitions and engagement, who will take over the leadership of the Barclays Intermediaries team. She will replace Martin Clift in the role, who in six months in the position helped Barclays to establish a new UK based service support team, including Live Chat, enabling colleagues to better answer queries at first point of contact. McIntyre will begin the role from 1 July.

Pepper Money has confirmed it has repriced rates, reduced fees and simplified products on its residential mortgage range. The changes were made following the Bank of England’s decision last week to further increase the base rate and the continued volatility in the swap rate markets. The specialist lender has streamlined the offering of its ‘Pepper 48’ products to cater to more customers with smaller deposits, as part of a to move support the lender’s commitment to helping mortgage customers who face challenges with higher LTVs.

Hampshire Trust Bank (HTB) has enhanced its special edition five-year fixed rate deal, which starts at 6.99%, by increasing its maximum loan from £1m to £25m. The product was initially launched in April for loans from £100,000 to £1m. The firm’s decision was made in response to broker feedback as well as consistently high demand for the product. By increasing the product’s maximum loan size from £1m to £25m as with its other products, HTB suggested it can open up access to more experienced and larger portfolio property investor clients.

Landbay has reduced rates on its two-year tracker buy-to-let mortgages by up to 90 basis points and added new competitive products to its range. The lender’s two-year tracker products are available for standard property, houses in multiple occupation (HMO), multi-unit freehold blocks (MUFB) and trading companies, and ll products have a maximum LTV of 75% and no early repayment charges. The new two-year tracker standard products start at 0.09% plus the Bank of England base rate, to currently stand at 5.09%, and comes with a 4% fee.

Just Mortgages has expanded its level of support available to large principal brokers with the launch of a new bespoke training programme. The firm’s programme aims to help fill any knowledge or training gaps identified by business principals and is designed to support those larger principals with four, five or more brokers working within their businesses. Just Mortgages said that is training team offers a bespoke programme tailored to the needs of each firm and its advisers, which may include sales training and techniques, further product knowledge as well as lead generation and social media training.

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