Wealth management firm James Sharp has implemented the MorganAsh Resilience System (MARS) in line with the new Consumer Duty requirements, to assess, measure and report on their customers’ vulnerability. The firm, which is one of Manchester’s oldest financial services firms, has implemented MARS in order to enhance its existing customer-relationship approach. To do this, it has decided to use MARS to upgrade the way in which it assesses and records vulnerability, so that it can deliver the richest possible data, as well as assure with compliance. MARS uses input from consumers to generate an objective measure of vulnerability that cam be tracked over time, removing the complexity of assessing consumer vulnerability.

Hampshire Trust Bank (HTB) has appointed Zouhair Mihramane as its new business development manager (BDM) in its specialist mortgages division. Mihramane started the role on 1/8/2023, having joined from One Savings Bank, where he was a BDM covering Precise and Kent Reliance in the London and south region. Prior to that, he worked at Lloyds Banking Group for a decade, most recently as a BDM for Scottish Widows and Halifax Intermediaries. As part of his new role, he will be responsible for managing broker partners across the south east and will report to HTB’s sale director, Andrea Glasgow.

Accord Mortgages will reduce interest rates on selected 85% LTV mortgages by up to 0.8% from tomorrow (16 August) and will also launch new five-year fixed rate products for house purchases at 90% and 95% LTV with £2,000 cashback. At the same time, the intermediary-only lender will take up to 0.1% off its five-year deposit unlock mortgages. The new range includes a fee-free five-year fixed rate of 6.23%, with £2,000 cashback and a free standard valuation, which is available to home moves and first-time buyers with an LTV between 85-90%. Two-year and three-year fixed rates are also on offer at 6.92% and 6.79% respectively, falling from 7.72% and 7.16%. Both are available for house purchases up to 95% LTV, with a £995 fee, £250 cashback and a free standard valuation.

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