News in brief - 9 October 2024

Hinckley & Rugby Building Society has launched its first fixed rate mortgage products within its specialist mortgage range. The launch includes two two-year fixed rate products and two five-year fixed products with maximum LTVs of up to 90%. Under the two-year fix, rates start from 6.59% and 6.79% at 80% and 90% LTV respectively, while the five-year fixes start at 5.95% and 6.15% at 80% and 90% LTV respectively. The products are available for first-time buyers, those looking to purchase a home and those hoping to remortgage, and all come with a £999 product fee.

Buy to Let (BTL) by Foundation has announced a number of new products to its range covering larger HMOS, MUFBS and selected mortgages for expats. The lender has launched an F1 green expat five-year mortgage, for properties with an A-C EPC, which is available at 5.99% at up to 75% LTV. It comes with a 1.25% fee but no application fee and a free valuation. BTL by Foundation has also reduced F2 large HMO two- and five-year fixed rates by up to 0.4%, with rates starting at 6.19% with a 2% fee. Finally, BTL by Foundation has cut rates by 0.3% on its two- and five-year MUFB mortgages, with rates starting at 5.99% with a 2% fee.

Atom bank has appointed Ayshea Robertson to the position of chief people officer (CPO). She joins from Zen Internet, where she spent six years as CPO and board director. She brings experience leading HR functions across a range of businesses, including Bellway Home, Technology Services Group and Newcastle Building Society. In her new role, Robertson, will drive innovation and performance at the firm. Two years ago, Atom introduced a four day working week with no reduction in salary and still achieves high employee engagement scores, more recently hitting 81% in March.



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