Hanley Building Society has launched a new suite of self-build products. The first product is a two-year variable discount self-build/renovation part built mortgage, with an initial pay rate of 5.75%, available on an arrears basis up to 60% LTV. This comes with a non-refundable £299 application fee and a £1,199 arrangement fee, which is deducted from the loan on completion, as well as a valuation fee subject to the property value. Hanley has also launched two two-year variable discount self-build mortgages, available at 5.99% and 6.19% at 60% and 80% LTV respectively. Both products come with a £299 application fee and application fees of £700 and £649 respectively. A two-year partial fee-free variable discount self-build mortgage is also available at 6.49% up to 80% LTV.

Pete Ball has been appointed as the new chief executive officer (CEO) at Foundation Home Loans, subject to regulatory approval. Ball will succeed Hans Geberbauer, who will retire from the firm at the start of Q2 2024. He brings over 30 years’ experience in the financial services sector to the role, having previously held CEO roles at Together Personal Finance and Harrods Bank, as well as the position of commercial director at Virgin Money.

Access Financial Services (FS) has announced that it has increased its turnover by 128% in the 2023 financial year. The firm has also increased its number of advisers from 95 in 2022 to 200 by the end of the 2023 financial year, and now has 240 in its roster. The number of head office staff has more than doubled in this time from 17 to 36. Access FS advisers also increased the number of mortgages they sold by 26% year-on-year and have increased protection sales by 155%. The firm has set out targets for the next two years, with a projected 45% growth for the financial year ending mid-2024, predicting 80% growth the year after.

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