Buckinghamshire Building Society has reduced rates by up to 0.20% on three of its credit revive and credit restore products to support clients with recent or historic credit challenges. On its credit revive range, its 85% LTV option now starts from 5.89%. On its credit restore range, rates start from 5.99% and 6.49% at 60% and 75% LTV respectively. Each product is a two-year fixed rate with a £999 product fee and are available for purchase and remortgage.

Aspen Bridging has completed its first dual representation legal service no valuation deals, starting with a £700,000 bridge for a foreign national’s new build purchase delivered in 10 days. The applicant required a fast resolution to acquire a two-bedroom apartment in Tower Bridge or risked losing their deposit, with the developer pushing for an immediate completion. Aspen offered an expediated solution to reduce the time required to get the deal completed, incorporating its newly established dual representation process with its no valuation product. The 75% LTV deal was completed on Aspen’s stepped rate on an initial 0.55% per month over a 10-month term. Exit will be realised through a buy-to-let refinance.

The Right Mortgage & Protection Network has promoted Jack Norrey to the role of compliance director. He joined the firm in 2015, most recently serving as head of regulatory governance, where he provided strategic and operational leadership across applications, product risk, financial promotions, fitness and proprietary and data protection. As compliance director, Norrey will now be accountable for the design, oversight and continuous improvement on the network’s compliance, risk, training and internal audit functions. He will also oversee the risk, compliance, audit and supervision teams.

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