News in brief - 4 June 2025

Market Financial Solutions has cut rates across its fixed rate bridging loans range. The lender’s residential single loans are now available from 0.70%, while rates for a variety of other products have also been reduced, including portfolio loans, second charge, light development, semi-commercial, commercial and development exit loans. Brokers and investors are also able to access lower rates on large residential, commercial and semi-commercial loans.

Skipton Building Society has launched a new member bonus saver, offering an easy access account with a 5% interest rate. The product, which is available to eligible Skipton savings or mortgage members with continuous membership as of or before 2 June 2025, also includes a 2.2% fixed bonus for the first year. Savers can open the account with as little as £1, with a maximum balance cap of £5,000. Accounts can be opened online or on the app, in branch or over the phone.

Envelop has appointed Adrian Wickham as its new chief commercial officer. He brings a wealth of experience to the role, with a career spanning several sectors, including construction, landscaping, legal services and corporate development. In the role, Wickham will be responsible for leading Envelop’s commercial strategy and enhancing the quality of engagement to introducers, broker partners and distribution networks. The focus will be on building long-term value through partnerships, an improved service delivery and scalable operational performance.



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