Offa has increased its headcount by appointing a new senior underwriting manager. Trevor Melly brings 25 years of financial services experience and joins the Islamic property finance fintech form Signature Finance, where he spent a decade as credit and risk director. He previously managed a £200m funding line, held a credit mandate of £2m and completed more than 1,800 deals in the alternative finance space. Offa has already more than doubled its headcount to 45 in the past year as the business continues to expand its service offering.

Foundation Home Loans has launched a new F1 buy-to-let (BTL) limited edition five-year fix product for portfolio landlords. The intermediary-only lender has also reduced the rate on its existing two-year fixed limited-edition product. Both aimed at supporting brokers working with landlord borrowers in anticipation of a post-Budget pick-up in activity, Foundation’s new F1 75% LTV five-year fix is available from 5.24% with a 1.75% fee. It comes with a free standard valuation and no application fee. Foundation’s two-year 75% LTV limited edition fix now starts from 4.99% and comes with a £2,995 fee.

Hanley Economic Building Society has expanded its residential mortgage range to support foreign nationals living and working in the UK by introducing a two-year fixed rate and two-year discount variable option, both at up to 80% LTV. The two-year fix is priced at 4.99%, and includes a free valuation and carries an arrangement fee of £1,199. The two-year discount start from 5.19%, representing a 2.65% discount from the society’s SVR, currently at 7.84%. The product also includes a free valuation and has an arrangement fee of £799. Both products are designed to support foreign nationals from day one in the UK, offering immediate access to homeownership opportunities for skilled workers, healthcare professionals and returning expats.

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