The Association of Short-Term Lenders (ASTL) has announced the appointment of three new members to its executive board. The new board members are sales director at Glenhawk, Jamie Pritchard, head of operations and marketing at Avamore Capital, Sabinda Robinson-Sandhu, and chief commercial officer at United Trust Bank, Mark Stokes. Each of the new members took up their responsibilities on 1 September, after they were were elected by members of the ASTL from a record number of candidates and votes.

Foundation Home Loans has extended its ABC+ green mortgage range with the addition of a set of special edition two-year buy-to-let discounted products up to 75% LTV. The the intermediary-only specialist lender confirmed the products are available for both limited companies and individuals looking to either remortgage or purchase. They also have an enhanced maximum loan size of £1.5m at 75% LTV to benefit landlords looking to borrow more at 75% LTV for properties with an Energy Performance Certificate (EPC) rating between A and C.

VAS Panel has completed over £1bn worth of valuations for Allica Bank in just 16 months, comprising over 1,100 applications and more than 40 different business sectors. This relationship, which fully commenced in March 2021, has seen the lender use the panel management system for all semi-commercial and commercial property applications. In-line with the agreement, VAS Panel’s service is used on loan security valuations to ensure the most relevant third-party surveyors are instructed based on location, deal type and value.

In the same week, Allica Bank has also revealed that it is aiming to make £500m in committed loan offers between September and the end of the year, as it continues to support UK SMEs facing rising costs and volatile interest rates. This would mean the bank could achieve the same amount of committed loan offers in the final four months of the year as it did in the first eight months of 2022.

Roma Finance has announced the launch of a new bridging product and also reduced rates on the higher LTVs across its short-term finance range. The new product is available for experienced property investors and landlords up to 70% LTV with rates from 0.99%. The lender also confirmed that rates have been reduced across its bridging and development offering, and now comes with a standard bridging rate of 0.75% at 75% LTV. Roma Finance said it is continuing to respond to a market which is “maintaining its positive vibe”, as the lender reported growth in its business volumes.

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