Adrian Moloney has been appointed to the board of the specialist commercial and semi-commercial lender, InterBay. Moloney, who currently works as group intermediary director at OSB Group, having joined the firm in December 2015, taking on the role of group sales director in 2020. He began his current role at the beginning of 2022, unifying the intermediary sales leadership which brought together Precise Mortgages, Kent Reliance for Intermediaries and InterBay.

The Mortgage Works has reduced rates on products for new customers by up to 0.15%, with rates now starting from 3.54% on two-year fixes at 65% LTV with a 3% fee. The product is also available at 3.94% at up to 75% LTV with a £3,995 fee. A five-year fix has also been reduced by 0.1% to 3.84% at 55% LTV with a 3% fee. All products listed are available for purchase and remortgage.

The Mortgage Lender has announced that it has made further rate reductions across its residential and buy-to-let products. A number of residential two- and five-year fixed products on the lender’s RL0, RL1, RL2 and RL3 range have seen reductions of between 20 bps and 88 bps, with rates starting from 5.79%. Selected BTL products have also been reduced by 30bps, with rates now starting from 4.86% for a five-year fixed product up to 75% LTV, with a 5% arrangement fee.

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