Atom bank has increased its maximum LTV on its large commercial mortgages, with mortgages up to £5m now being available. As a result, some applicants’ potential borrowing will have increased from £1m to £5m. For the majority of borrowers seeking a recovery loan scheme (RLS), the bank will be closing new RLS applications from 28 May, with reduced rates available on the range until this time. The move comes after brokers expressed a desire for the bank to unlock finance for SMEs. Atom announced last week that it was temporarily reducing the rates on its range of commercial mortgages by up to 0.61%, with the latest announcement expected to support a wider range of trading entities and commercial property investors.

Movera has appointed Karen Buckley as people and culture director and Sonia Robertson has head of talent, in a move to boost its talent team. The appointments follow Movera’s rebranding last autumn, which brought together home moving brands from across the sector, including ONP Solicitors and CLG. Buckley brings over 25 years’ experience in HR to the role, having held a number of leadership positions across multiple sectors. Robertson brings a wealth of knowledge to the newly created role, having worked at companies including M&S, O2, Virgin, Vodafone and the Co-Op.

Castle Trust Bank has launched special edition rates on its light and heavy refurb bridging loans for cases that complete before the end of July, with additional rate reductions on its standard bridge. Special edition rates on the light refurb bridging loans have been reduced from 0.85% to 0.80% on LTVs between 70% and 80%. There are no time limitations to qualify for the new rate for LTVs up to 65% LTV, which have been cut from 0.95% to 0.80% per month. The bank’s standard bridge products up to 70% LTV gross are now 0.75% per month, down from 0.85%, with no time limitations to qualify for these rates.

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