Equifinance has promoted Kieran Park to chief operating officer, after previously serving as chief technology officer (CTO). He joined the focused second charge lender from Mortgage Engine, where he was CTO for two years. Prior to this, Park spent nearly six years at Shawbrook Bank, latterly as head of innovation and delivery, leading its change and IT delivery team that serviced the property division for residential and commercial mortgages. Equifinance said his promotion comes when the business is expanding its market share and implementing new business protocols to further improve its broker interface and experience.

ModaMortgages has launched a new range of limited edition buy-to-let (BTL) products. The specialist lender’s limited edition range includes two and five-year fixed products available for single dwelling properties, with rates starting from 3.39%. The range also features fixed products which are suitable for HMO and MUFB properties with up to six bedrooms or units, with rates from 3.49%. All products are available to individual and limited company landlords, with the lender offering free valuations across its range.

Nottingham Building Society has announced a number of updates to its BTL lending criteria, including an increase to its maximum BTL mortgage term from 35 to 40 years. The shift has been built to provide landlords with more flexibility when structuring borrowing, while also supporting a growing number of accidental landlords where longer terms can help manage affordability and repayment profiles. The society has also refreshed its approach to portfolio coverage as part of a broader effort to support more consistent and transparent assessments of background portfolios, while maintaining its core BTL affordability framework and responsible lending standards.

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