News in brief - 18 May

Afin Bank has appointed Beth Jeffs as head of product and proposition, responsible for the development strategy for the bank’s lending and savings propositions.

She will oversee the strategy of lending products for Afin’s target customer base of borrowers.

Jeffs joins from the Nottingham Building Society where she was senior mortgage propositions manager. She has previously held roles at providers including HSBC, Coventry Building Society and Sainsbury’s Bank in product and credit risk areas.

LendInvest Mortgages has announced funding for a new development in the London Borough of Barnet.

The £3.753m facility will be used to demolish an existing building and replace it with a new build comprising three 3-bedroom and six 2-bedroom apartments on the ground, first and second floors. The new development will also include nine parking spaces in the basement.

This is the second facility that LendInvest provided to the developer, and upon completion, they plan to exit onto a buy-to-let line of financing.

LendInvest provided the funding, which was structured at 70% LTGDV over an 18-month term.

One Mortgage System (OMS), the CRM and loan origination platform for intermediaries and lenders, has announced the appointment of Simon Tippett as head of delivery as the business continues to strengthen its technical and operational capabilities during its next phase of growth.

Tippett will lead delivery across the full OMS client base, overseeing the onboarding of new clients, managing the project and development teams, and taking ownership of all project-related work across the business.

He joins OMS with more than 25 years’ experience in change and delivery, including over 15 years within financial services and a strong specialism in mortgage technology. Throughout his career, Tippett has worked with a broad range of lenders and financial services firms including Lloyds, Aviva, Admiral Money, Vida Homeloans, Pepper Money, Principality Building Society and Monmouthshire Building Society.

Standard Life has launched a new Sharia solution, the Standard Life Sharia Universal Strategic Lifestyle Profile, for members of its workplace pension schemes.

The Standard Life Sharia Universal Strategic Lifestyle Profile is fully certified to standards set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and provides growth and at-retirement lifestyle options underpinned by global investment managers, HSBC Asset Management and Franklin Templeton.

To independently support its approach, Standard Life has also appointed an external Sharia adviser - iConsult Africa.

Air has launched an exclusive education programme with Simplybiz Mortgages to deliver extensive later life training and development to its members.

The agreement will see Air provide the mortgage club’s directly authorised (DA) advisers with its full suite of later life lending training, marking the first time it has delivered the programme as a single, joined-up offering with an external partner.

The partnership launches as the Financial Conduct Authority (FCA) is examining whether barriers in the advice process are limiting consumer access to later life lending solutions such as lifetime mortgages and retirement interest-only (RIO) products.



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