Hampshire Trust Bank (HTB) has appointed Lorenzo Satchell as its new sales director in its bridging division. As part of the role, he will be responsible for managing the bridging sales team as well as overseeing all originations and intermediary business partners that work with the bank for bridging finance solutions. Satchell joined HTB in January this year as head of sales for bridging, bringing 30 years’ experience in the property finance sector. Previously, he served at Together for 15 years, where he most recently held the role of specialist key account manager for London and the South East of England.

Foundation Home Loans has cut rates across its buy-to-let (BTL) core product range by up to 0.9% and also reintroduced two-year fixed rate products across its F1, F2 and standard HMO range. Rates across the core product range will now start from 6.59%, with the new two-year fixed rate products starting from 7.24% with a 1% product fee. The new range also includes a reduction of 60bps to Foundation’s ERC3 product, a five-year fixed rate with only three years of ERCs, now priced at 6.74%. Foundation has also improved its F2 product range with an 80% LTV five-year fixed rate option, with a headline rate of 7.09% and a 1.5% fee, with reductions of up to 50bps across its remortgage-only products that come with a £1,295 fee, free valuation and £500 cashback.

Accord Mortgages has made further rate cuts on its residential range for the second time in as many weeks. Reductions from the intermediary-only lender include improved rates at a higher LTV, with up to 0.15% off at 95% LTV, and the biggest discount of 0.20% for borrowers with a 25% deposit. From tomorrow, a two-year fix up to 75% LTV is available for house purchase at 5.94%, down from 6.14%, which comes with a £1,495 fee and £250 cashback. A three-year fix up to 85% LTV will be available to remortgage clients at 5.95%, down from 6.10%, with a £995 fee and remortgage. A five-year fix up to 90% LTV is also available from tomorrow at 5.60% from 5.75%, with a £495 fee and £250 cashback. These products all come with a free standard valuation.

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